Following months of negotiations, the Kraft Group and the cities of Boston and Everett have reached community benefit agreements tied to the development of a professional soccer stadium on a former industrial site in Everett.
The agreement between the city of Boston and the Kraft Group totals $48 million over the next 15 years. The bulk of that funding, or about $34 million, is tied to ticket surcharges that will start at $1 per soccer ticket and 1.5% of every concert ticket sold, with the ticket revenues providing a city revenue source “in perpetuity.”
Boston Mayor Michelle Wu’s office also said that in addition to annual payments, the Kraft Group will make “substantial infrastructure improvements” in Sullivan Square in Charlestown prior to the stadium’s opening and fund “all public safety and transportation management costs for stadium events.”…