Everett and The Kraft Group have reached a community agreement tied to a proposed 25,000-seat New England Revolution stadium and waterfront district on the former power plant site along the Mystic River. Everett frames the deal as a major environmental cleanup and waterfront transformation paired with new public space and transportation investments, subject to permitting and approvals.
For the Boston-side neighborhood impacts, see the companion explainer: Charlestown and Sullivan Square impact summary
Key facts (Everett)
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Estimated community value: Everett states $91.7 million in total community value over 20 years, delivered through direct payments, infrastructure investments, and community benefits.
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Environmental cleanup: Everett states an additional estimated $100 million commitment dedicated exclusively to environmental cleanup and mitigation at the contaminated former power plant site, subject to permits and approvals.
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Ticket revenue: Everett states the City receives $2.25 per ticket sold (host-community revenue tied to attendance).
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Transit connectivity provision: Everett states $17.5 million is dedicated to Orange Line access work tied to Assembly, with a fallback mechanism if related work does not commence within a defined window.
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Status: Advocates and reporting emphasize that key technical details will be tested and refined through the permitting and environmental review process.
What the agreement is trying to change in Everett
This site has been a long-standing industrial edge on the Mystic River. The core thesis is not only a stadium. It is a district reset: cleanup, demolition, public access to the waterfront, and a new year-round destination that can support jobs, programming, and adjacent commercial activity.
From a real estate lens, that distinction matters. Markets price “event venues” differently than “walkable waterfront places.” The difference comes down to design, access, and operations.
What is publicly committed today
1) Community value and payments to Everett
Everett’s release is unusually specific on headline numbers and structure: $91.7 million in community value over 20 years, plus a per-ticket payment to the City.
2) Cleanup and demolition of the former power plant site
The Kraft Group has publicly stated it will undertake significant environmental remediation and demolition of the long-vacant power plant as part of the project.
GBH’s coverage highlights that environmental groups support the direction of cleanup commitments while stressing that the permitting process is where the hard details will matter most.
3) Public waterfront access and open space
Everett describes a waterfront plan that includes a publicly accessible riverfront concept as part of the district transformation.
The practical questions are where access points land, how continuous the path is, and who maintains it year-round.
4) Transit connectivity via Assembly
Everett’s release describes a $17.5 million provision tied to Orange Line access at Assembly, including a fallback if related work does not commence within a defined time window.
What is still TBD
The agreement sets direction and obligations, but several items remain unresolved until filings and approvals advance:
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Final traffic modeling assumptions and event-day operations plans
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Enforcement and curb management strategy on peak event days
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Construction staging, truck routing, and neighborhood disruption planning
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Detailed demolition sequence and mitigation plan (dust controls, debris handling, stormwater controls)
GBH notes that there is “a lot of work ahead” in the permitting process, which is where these specifics become measurable.
The transportation reality Everett residents will care about
Everett’s upside depends on whether access works in practice:
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If transit options are convenient and reliable on event days, spillover pressure decreases.
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If enforcement and routing are inconsistent, local corridors carry the burden.
This is why transportation plans, not just transportation promises, become the deciding factor as projects like this move from headline to implementation.
Real estate implications for Everett
Potential upside if executed well
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A remediated waterfront with real public access can change how buyers perceive an area over time, and bring new life to the area. Especially if the public realm is designed for daily use.
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New destination activity can support restaurant and retail demand, but only if pedestrian routes connect into the city rather than staying isolated on-site.
Risks the market will price in
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Demolition and construction disruption over multiple years
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Event-day congestion patterns that affect daily quality of life
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Whether public access is meaningfully usable year-round
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Whether transportation plans perform under peak demand
Buyer takeaways (Everett)
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Watch the filings. The earliest “real” signals come from environmental review scope, demolition sequencing, and the final transportation plan.
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Separate short-term disruption from long-term place-making. Both will be true if the project proceeds.
Seller takeaways (Everett)
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Keep your language precise. It is accurate to cite Everett’s published agreement value and cleanup commitments, and also accurate that final scope and operations are still subject to approvals.
What to watch next in 2026
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Environmental review and cleanup scope (what exactly gets remediated and when)
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Demolition plan and mitigation details (controls, sequencing, staging)
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Final transportation plan (routing, enforcement, performance metrics)
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Public realm design (waterfront access continuity, maintenance, year-round usability)
FAQ
How much is Everett receiving in community value?
Everett states an estimated $91.7 million in total community value over 20 years, delivered through direct payments, infrastructure investments, and community benefits.
Is cleanup included in that number?
Everett states the $91.7 million figure is separate from an additional estimated $100 million dedicated exclusively to environmental cleanup and mitigation, subject to permits and approvals.
Is the project ready to build now?
Not yet. Major details are expected to be refined and tested through environmental review and permitting.
