Kraft-backed Boston soccer stadium plan is dead

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A Robert Kraft-backed proposal for a $250 million soccer stadium at the site of the former Bayside Expo Center in Dorchester, Mass., appears to be dead.

Robert and Jonathan Kraft, owners of the NFL’s Patriots and New England Revolution of MLS, released a statement Friday that said, in part, “the project is not feasible to pursue on this site at this time.”

Talks between the Kraft Group and UMass Boston, which bought the land for $18.7 million in 2010, have apparently ended.

Here’s the full statement from the Krafts: 

“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.”


 

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