Boston is kicking in $135 million for the White Stadium project, Mayor Michelle Wu announced this morning.

The total cost of the public-private soccer venue rehab is now set “in excess” of $325 million, the mayor announced.

She added at a press conference that this is the “final budget,” driven by construction costs rising from federal tariffs.

“Our Boston students deserve nothing less than the best, and I’m proud to fight for our kids every day. The newly renovated White Stadium will deliver the largest community benefits deal in Boston’s history,” said the mayor said in prepared remarks.

Boston Legacy FC, the city’s private funding partner for the renovation, announced that its share of the Stadium renovation “will cost in excess of $190 million, financed in part by a landmark loan from Bank of America,” the announcement states.

The City and Boston Legacy FC have both completed demolition and abatement and commenced sub-surface utility and foundation work, including upgraded power, water, and telecommunications infrastructure, “which is slated to be completed in Fall 2026. Vertical construction on both sides of the athletic complex will begin at the end of March 2026. The project is expected to create more than 500 construction jobs,” the mayor announced.

Wu added at the press conference that Boston is picking up 40% of the cost of the project, “so we’re getting a world-class, best-in-class stadium for 40% of the construction cost, plus that $252 million benefits package for years afterwards.”

The Franklin Park Defenders, a community group fighting the project, pushed back at the cost that has climbed since it was first floated.

“With these latest cost overruns, the taxpayer cost of turning White Stadium into a professional soccer complex has now more than quadrupled. This project is no longer anything close to the $30 million ‘renovation’ that was first proposed to Boston residents. And with four rounds of cost overruns before construction even begins, it’s only fair to expect that the ultimate cost to taxpayers will be even higher,” said Louis Elisa, a Dorchester resident, President of the Garrison-Trotter Neighborhood Association, and member of the Franklin Park Defenders.

The cost to taxpayers has soared since the first announcement by the city of the soccer stadium deal, with the initial projection being $50 million, then $91 million, and now $135 million.

The Franklin Park Defenders point out this stadium deal comes as the Boston Public Schools face a $53 million budget gap, with cuts to more than 500 staff positions just announced.

This is a developing story …