Key Highlights
- Massachusetts law requires sports teams to finance their own stadiums, meaning the project will be privately funded by the Kraft Group.
- Robert Kraft, whose fortune is estimated at $13.8bn, owns both the Patriots and the Revolution.
- Under the agreement announced on 1 January by the Kraft Group and Boston Mayor Michelle Wu, around $48m will be spent on infrastructure improvements and community projects in areas affected by the development.
- The Kraft family has agreed to fund a $20m waterfront park along the Mystic River in Everett and cover its ongoing maintenance.
- A further $17.5m will be allocated to a new entrance at the Orange Line's Assembly station in Somerville, leading to a pedestrian bridge across the river.
