clock menu more-arrow no yes

Filed under:

Krafts working with Goldman Sachs on stadium

New, 5 comments

The Krafts are reportedly working with Goldman Sachs to finance a soccer specific stadium.

Kyle Terada-USA TODAY Sports

The quest to get the New England Revolution their own stadium will now be aided by Goldman Sachs, according to a report by Adam Vaccaro of Boston.com.

The report, released Wednesday, states that the Krafts have been working with officials from Goldman Sachs since last year about building a home for the Revolution in downtown Boston. Kraft representatives have also met with city officials in recent months.

Goldman Sachs has previous experience financing stadiums, including Yankee Stadium and Gillette Stadium. The investment group has become very good at getting projects done in urban areas, which can often by very complicated. This, of course, is good news for the Revolution.

The Revs front office has been looking to build a soccer specific stadium for a long time. Plots in Somerville and Revere have been considered, though the organization has most recently been eyeing a plot in the South End of the Boston. The primary goal of each plan is to get the Revs in an urban location that will be accessible via public transportation.

While many fans have been frustrated with the lack of development in years last, Commissioner Don Garber reaffirmed his confidence in the Kraft family last week, saying that he's seen renderings of a proposed stadium.