In the midst of steady rumors and countless assumptions, Revolution owner Robert Kraft has pitched a new proposal to Boston Mayor Marty Walsh for the development of a soccer-specific stadium in Boston.
According to a report from the Boston Globe's Shirley Leung, Kraft and Walsh have engaged in consistent talks about the future Revolution home. In his latest proposal, Kraft named the city of Boston as the builder and owner of a $200 million stadium; a tax on ticket sales would repay the debt.
Why allow Boston to own and build the stadium, instead of the Kraft Group?
For starters, the city can borrow money at a lower interest rate than private businesses, reducing the stadium's complete cost. Kraft has assured Walsh that Boston would ultimately pay nothing for the stadium, creating an assumed no-risk proposal.
Of course, the detailed plan does carry a hitch. Historically, the Walsh administration has not warmed to the idea of using public funds to construct a sports stadium. In fact, the mayor has explicitly communicated that public funds would not support the Summer Olympic Games, even for infrastructure improvements.
When asked about Kraft's proposal, Walsh remained mum: "It's really an idea right now," he told Leung. He continued to comment on his interest in a new venue, which provides hope for stadium supporters: "It’s certainly something that interests me, and I think it would interest a lot of residents in Boston," he said.
As talks heat up, a resolution appears closer than ever before.