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In a stunning turn of events, the Philadelphia 76ers will remain at the sports complex in South Philadelphia instead of building a new basketball arena in Center City, according to multiple City Hall sources.
The decision is rooted in a deal struck with Comcast Spectacor, and comes more than two years after the team proposed the new arena for Center City. The NBA and the NFL helped broker the agreement, which ended the franchise’s second attempt to have a home of its own.
Read More: https://whyy.org/articles/sixers-staying-south-philadelphia/
Over the next decade, Comcast hopes to transform the sports complex into a year-round destination for work and play. The $2.5 billion proposal calls for new retail and restaurants, a music venue and a hotel.
For now, the plan doesn’t specifically call for a new arena but does leave room for one. Comcast recently completed a $400 million overhaul of the Wells Fargo Center, where the Sixers currently play.
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