76ers won't build $1.3 billion arena in downtown Philly

In a stunning reversal, the Philadelphia 76ers have announced they will not proceed with building a $1.3 billion downtown arena, just weeks after receiving city council approval for the project. The decision follows years of heated debate, with vocal opposition from local communities, including Philadelphia's Chinatown, which would have been significantly impacted by the development.

According to The Philadelphia Inquirer, the 76ers have reached a deal with Comcast Spectacor to remain in the city's existing sports stadium district, home to the Wells Fargo Center where the team currently plays. Details of this new agreement remain unclear, but the announcement has sparked reactions from both supporters and critics of the downtown arena proposal.

Opponents of the project, including City Council members Jamie Gauthier and Rue Landau, celebrated the decision but criticized the team's handling of the situation. "The way they reached this decision reflects a profound lack of respect for city leaders, stakeholders, and residents," they said in a joint statement. For years, critics argued the arena would create gridlock, displace residents in Chinatown, and contribute to gentrification and rising rents.

The 76ers' initial plan, dubbed "76 Place," was set to open in 2031 and envisioned as an 18,500-seat arena to revitalize Market East, a retail corridor between City Hall and the Liberty Bell. Supporters, including Mayor Cherelle Parker, called it a "game-changing economic development project" that would breathe life into the struggling downtown area. However, the plan faced fierce opposition from Chinatown residents and community advocates who feared the development would erode their neighborhood's cultural identity.




https://www.marca.com/en/basketball/nba/philadelphia-76ers/2025/01/13/6784b2f9e2704e53048b457d.html