No New Stadium For New England

Hierarchy at New England Revolution have confirmed that they won't be building a new stadium for the foreseeable future because of 'forces outside of the club's control'.

Discussions had bee ongoing with the University of Massachusetts with regards to the potential new stadium, but the Kraft family have released a statement indicating that the plans will not be going ahead. The statement suggested that they had been working on a $250 million new home for The Revolution, and has also confirmed that they will continue to work on a new stadium for the club.

Full Statement From The Kraft Family:

“In 2015, we were invited to put together a stadium proposal for the former Bayside Exhibition Center site. Since then, we have invested millions of dollars and thousands of staff hours to design and structure a venue that would benefit UMass Boston, the City of Boston and serve as an asset to the surrounding communities, with an operating plan that would benefit all local constituencies. We were committed to a fully-funded, privately-financed stadium that would have totaled an investment in excess of $250 million. There was also a full-value land lease to UMass that would have provided annual payments to the university. As is the case with any development opportunity, there were numerous hurdles to overcome and we regularly adjusted our plans to cater to the needs of the project. Unfortunately, and for reasons beyond our control, it has been determined that this project is not feasible to pursue on this site at this time. It is our goal to continue to seek development opportunities where we can invest in a soccer specific stadium that will benefit its surrounding communities while giving our fans and our players a venue they will be proud to call home for generations to come.”

- Robert and Jonathan Kraft, Investor/Operators, New England Revolution

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