New England Revolution's Dreams of a New $2.9 Billion Soccer Stadium Boosted with Economic Development Bill

The Massachusetts Senate voted unanimously in favor of a comprehensive $2.86 billion economic development bill. This legislation includes a significant amendment aimed at transforming an Everett waterfront parcel into a new soccer stadium.

Everett Waterfront Parcel and Soccer Stadium

A key provision in the Senate's bill involves removing a parcel of land at 173 Alford Street from the state's designated port areas. This change allows the land, previously restricted to water-related industrial uses, to be repurposed for a professional soccer stadium and waterfront park. This amendment, however, was not included in the House's version and will need to be reconciled in a conference committee before becoming law.

The Kraft Group's Interest and Public Discussion

The Kraft Group, owner of the New England Revolution, has shown interest in the Everett site, hoping to bring the team closer to Boston. Public discussions about the potential stadium began in April, highlighting both the positive economic impact and community concerns.

Current Stadium Arrangements and Future Plans

Currently, the New England Revolution share Gillette Stadium in Foxborough with the New England Patriots. The Senate bill stipulates that Kraft has five years to construct the new stadium in Everett, after which the land's original designation will be reinstated.

Previous Legislative Attempts and Local Investments

Efforts to pass similar legislation in 2022 and 2023 failed due to disagreements between the Senate and House. Additionally, Wynn Resorts, owner of the nearby Encore Boston Harbor casino, purchased the 45-acre Alford parcel for $25 million. This acquisition aims to align future development with existing and planned investments in the area.

Broader Economic Initiatives

The economic development bill also includes measures beyond the stadium project. One notable amendment seeks to lift the state's 40-year ban on happy hour drink discounts to attract younger residents. The bill allocates substantial funds to the life sciences, climate tech, and artificial intelligence sectors, aiming to position Massachusetts as a leader in these fields and bolster the state's economy.

Legislative Goals and Economic Impact

Senator Barry Finegold, co-chair of the Economic Development Committee, emphasized the bill's importance in maintaining the state's competitiveness in a global economy. The legislation aims to modernize economic growth strategies and provide support for workforce development and talent retention, ensuring Massachusetts remains a dynamic and attractive place to live and work.