76ers ABANDON approved arena in Philadelphia
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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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47 Comments
Am I opinion the reason that the Sixers agree to it is time now that they are building at the sports complex probably on the former side of veterans Stadium, which is a parking lot for citizens Bank Park means that they can be shoveled ready in about three months and instead of having to wait until 2031 when their lease runs out because they’re building new arena together. This arena could be done by 2028, 2029 instead of 2031 the Philadelphia eagles are probably involved because they just sold about 8% of the team for a couple billion dollars for the rumor around here cause I live in Philadelphia is that Jeffrey Lori wants to build a 70,000 seat retractable roof Stadium. to replace Lincoln financial Field, so that Philadelphia Can host a Super Bowl, and then the development that they were going to do in the parking lot would move to the site where Lincoln financial Field is now at least that’s what the rumors are
I understand why the Sixers wanted a new arena. The Wells Fargo Center is owned by Comcast Spectacor (and by extension, the Flyers.) For every Sixers home game, the Flyers get a cut of the gate, parking, concessions, and merchandise. For every Flyers home game or concert, the Sixers get nothing.
They are going to share the arena what is gonna happen? They’re gonna own a 50-50 which at right now Comcast Spectacor owns it completely and the Sixers play the rent so that this way that for all their events, the Sixers will get a cut and will not be conflict it out because of other events and that is the big problem at the Sixers had that they were getting dates taken away from them for concerts other events and especially for Philadelphia wings lacrosse games, because Comcast Spectacor owns that team as well.
can't help but notice at 1:35 the 12-19 is for a date 😅 is surprising as 12-4 is for counting votes just above it. Perhaps differentiate it a bit more next time?
Downtown arenas and MLB stadiums are nice an all for looks. But there is nothing more convenient in Philly than getting off the highway and pulling into a parking spot right away. There is traffic congestion leaving but nothing like what it would be in the city.
Josh Harris, found a way to get a new arena cheaper, they need the extra money now that DC has the RFK site back.. he was to build a stadium in DC.. that why Roger Gadell is involved they want the commanders back in DC.
That will be for seven years
Thank god not single soul in Philly wanted this and the city council knew it sell out clowns
I’m happy they’re staying in South Philly. I hope the plan is to improve that sports area. All that visible parking is so unsightly. With Macy’s leaving the historic Wanamaker building, there’s potential for housing along Market Street. That proposed arena on Market Street was way too close to the Independence Mall area.
Love the sporting complex in south Philly having all the teams near each other is amazing 😊
First Sign. The Sixers Might Re-Locate. Or just Fold. You Could Laugh. Joel Embied doesn't even play. Fans are pissed. They won't go to Jersey. NBA is Down. You have Star Players Missing A Avg Of 20 Games. LOL! NBA is a GLOBAL Brand, They could move overseas. LAUGH NOW. NBA is going back to 1979 Pre-Bird/Magic Johnson Ratings. Falling Fast….Just to Add Players care more about being a Youtube Infuencer than playing for $50,000,000 a Year.
When they build Wells Fargo they kept the Spectrum in place for many years for the minor league team and concerts. They could do the same for a while.
A huge win for Philadelphia residence.
NBA = boring
Other than more residential or shopping I don’t see what else they can put there. Either way the traffic will have increase or else not a success. Chinatown will have to deal with traffic regardless.
IS THIS A GOOD THING, IN THE END?
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New rule – if a team got a new facility at any point since 1965 they never get another new one again, EVER.
What ever they plan to do next will the city council vote to agree on a new plan after they feel they were played that’s the question
The stupid mayor fell for the old banana in the tail pipe trick😂
Yesss!!! I always thought this whole arena thing is senseless and it would be a bad idea due to congestion and traffic especially with the city's public transit.
probably because of the projected increase in construction cost due to the Tariffs that Trump has threatened to implement
Wells Fargo Center will be demolished in favor of the NEW Xfinity Named arena which will house Philadelphia 76ers, Flyers, and future WNBA Franchise. It will be a 50-50 Split between Comcast and Sixers with the Sixers keeping the team in South Philly where it BELONGS. Comcast will also assume a minority stake in the Sixers after originally having full control over them over a decade or so ago. Phillies will also build on the complex site. This is a MASSIVE win for Philadelphia as well as everyone involved- this will create an infinitely number of jobs as well as careers. There is also proposals for Hotels, Restaurants, as well as a possible Casino. Market East was NEVER an option – Sixers saw an inexperienced and young city council and took them for a ride. Chinatown has been saved and Market East will be developed and get revitalized by both the Sixers and Comcast. In regards to the naming "76 Place" – its unclear what will come of that name given Comcast will name the new site. Thanks @brodiebrazil for reporting on this situation in Philadelphia as well as answering/liking my tweets – you rock, sir!
Why were they even trying to leave Wells Fargo Arena in the first place? I feel like it had something to do with a game getting postponed a few years back because of condensation from the ice rink that made the court too dangerous to play on. Right?
I feel like rfk being in play for a brand new commanders stadium plays a big role in all this
Good job Sixers leveraging government to get a better private deal with Comcast…
Happy to see this for the people within that city and county, especially those that have zero interest in sports. There was no need for yet another sports facility to go up that would have displaced so many people and businesses. Build in the section of town where you already are. It's quite unique and cool to have all your teams in one area. Good for the people of Philly.
Sixers can't do anything right their a terrible organization
The mayor looks like a complete jackass now and doesn't even realize it same old democrats they will never learn
Reminds me a lot of the movie Max Keeble's Big Move. At first, Max's dad told him "we're moving!" Max said his (awkward) goodbyes to his friends and his parents had everything all boxed up and ready for the moving trucks. AND THEN, the dad storms in and cancels the move and things get really weird lol
Couple things for add Brodie:
1. Comcast offered to sell the Sixers half of the current arena and have them split a new one in 10+ years. They wanted to recent renovations to last a little while longer.
2. The other issue before was who is in Charge of scheduling. The Sixers can’t host a Christmas game, because Comcast gives those dates to Disney on Ice every year. I think this prevents that. Also, Comcast must have agreed to a better split with who gets weekend afternoons when both teams are in town.
3. Most people I talked to aren’t shocked by this. We thought 76 Place was still 50/50 after approval, because the team would have all the leverage if there were a last round of negotiations with Comcast
So, the 76ers decided to go halfsies with the Flyers on a new arena rather than paying full price and more for a new one. Makes sense to me.
@BrodieBrazil, I admit I was quite surprised by this news yesterday. To me, it was what I really hoped for all along but thought it was the least likely scenario considering the two ownership groups were at war with each other over the 76ers trying to get their own building.
I'm going to say this again about Chinatown. They were the only real opposition to 76 Place, not Market East. They were. And they think they "won" this fight against "predatory billionaires" as they publicly stated yesterday. They did not. The 76ers already had the arena approved by the city despite a few city councilmembers opposing it and did not hesitate to comment to the media. They made the decision to scrap that plan. Chinatown thinks they are above the rest of the city with their sense of entitlement and influence. They got their way in demanding a blocks-long highway cap over the Vine Street Expressway. So they thought they could push their weight around over an arena plan in an adjacent neighborhood (Market East). I drove through Chinatown just 5 days ago and I'm sorry to say it, but it is a dump. Not dangerous like West Philly, much of North Philly or the Kensington neighborhood of the "near Northeast". There is no overwhelming cultural attraction to bringing in people from everywhere else. One more time, Chinatown is a DUMP. The activists' agenda was also exposed shortly before the city council vote that they were willing to drop their vehement opposition to 76 Place if the team gave them a lot more free money to subsidize their neighborhood. That did not happen as you stated in the agreed to $60 million community benefits package.
Meantime, I have two theories as to why the 76ers changed plans… either 1) they felt they had a few more final hurdles to jump over before construction could begin next year OR 2) Comcast caved after the 76ers got their arena approved and knew they would be competing with a shiny new toy downtown (Center City) for non-sporting events.
With the 76ers back in the fold, Comcast and Harris-Blitzer Sports & Entertainment (the 76ers ownership) are entering a 50/50 partnership on a SHARED BRAND NEW ARENA for both the 76ers and Flyers. NOT separate venues. And you are wondering why Roger Goodell was even involved in talks that I believe were restarted right after the 76 Place approval. There is a grand plan to redevelop the entire South Philadelphia Sports Complex and Comcast unveiled preliminary details a couple of months ago. Comcast asked the Phillies and Eagles to be on board and a part of it. Clearly if they lost the 76ers, there would have been a competing location of their events, again why I firmly believe this deal was announced yesterday. I will guess that the new arena will be built right next to the Wells Fargo Center (which will be torn down) and only a matter of which parking lot it will be on. Remember that the Spectrum was not immediately torn down and wasn't until 2009, but because of this long term plan for the complex, I don't see the current building staying for any amount of time. XFINITY Live sits where the Spectrum once did. There are also rumors going around that the Eagles are exploring a new stadium. I have not heard much else, but do not be surprised if that gains traction sooner than later. Jeffrey Lurie has a lot of money as an NFL owner and can easily pay for it.
And while these long term plans will not coincide with the 250th birthday celebrations next year with the 2026 FIFA World Cup games and 2026 MLB All-Star Game, we are talking about everything within the complex being redeveloped over the next decade plus.
Mayor Cherelle Parker is speaking now at a press conference.
Sixers wanted out of the Wells Fargo center because they are just tenants, the new announcement would be a 50/50 partnership in a new stadium, so more than just a tenant. There is also talks about Comcast trying to bring a WNBA team to Philly. I think the NFL and probably the Phillies were involved because of Comcast's vision on revitalizing the Stadium Complex.
Typical how sports teams play city and state officials for suckers everytime. BILLIONAIRE owners with blinders made of $100,000 bills.
In short, the existing Sports Complex has a track record of traffic, housing, parking and other facilities already in place, and has had since the days of the Spectrum & Vet. An already proven model was more attractive to the team rather than making all the improvements to infrastructure. I can understand the city feeling like it was played, because they felt the 76 Place option was better than the team moving to Camden, and the city looked as that was their best option for retaining the team. The other fact is how long will Comcast retain the NBC Sports branded RSN's and I think that uncertainty was as much of a factor since the team relies on those "rights fees" to help with player salaries. With cable subs declining rapidly and Comcast continually raising rates, speculation that Comcast may eventually hit the wall much like Bally's/Fan Duel RSN's did.
Maybe remote working makes it less important to put arenas downtown. Office buildings are not filled with ticket buyers anymore. They drive from their suburban home offices rather come over from a downtown office.
As someone who lived in the northeast for a couple of decades, this doesn't surprise me. You can't put in a new sidewalk in the northeast without protestors and red tape. Literally. No problem with them moving downtown and paying for everything themselves. It's absolutely ridiculous. This would not happen in most of the country.
Imagine Top Golf or Best Buy or something similar wanting to build a new location and getting demands for millions of dollars in community reparations
Trust the process.
Kind of surprising they’re backing out
This just in: looks like they've officially just announced plans to move with the Flyers to a new arena in South Philly in 2031.
New shared arena coming to the sports complex. Confirmed now
Thats good. They shouldn't approve these arenas unless both NHL hockey and basketball are approved since it only benefits the surrounding community to have the arena built to accommodate both.
Philly resident and sixers fan. we are all glad they changed course
Initial discussion was that they didn’t want to share arena. My guess is that once they analyzed the costs as well as two arenas cannibalizing each other for circuses,etc. they realized it just won’t work.
They had the major 3 commissions involved in this situation
Goodell chipping in because Josh Harris has to get the Commanders into a good situation in Washington and he doesn't want to see that franchise fall back into disarray.