Market
Construction of 76 Place arena to begin by end of 2025?
3
Philadelphia City Council•76ers•Center City•76 Place•Wells Fargo Center•Chinatown•City Council•Philadelphia
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Philadelphia City Council or construction companies involved
Story
Philadelphia City Council Approves $1.3 Billion Arena for 76ers in Center City with 12-5 Vote, 11 Bills Approved
Dec 20, 2024, 10:09 PM
The Philadelphia City Council has officially approved the $1.3 billion proposal for a new arena for the 76ers in Center City. The final vote, which took place on December 19, 2024, resulted in a 12-5 decision in favor of the project. The approval includes the passing of 11 bills necessary for the construction of the arena, which is expected to be completed by 2031. The arena, named '76 Place', will replace the team's current home at the Wells Fargo Center once its lease expires. The decision comes amid protests from local residents, particularly from the Chinatown community, who have voiced opposition to the project. Despite the protests, the City Council moved forward with the approval, which is seen as a significant step for the franchise's future in Philadelphia.
View original story
Similar markets
Other • 25%
Turner Construction • 25%
Gilbane Building Company • 25%
Clark Construction Group • 25%
Under $1.5 billion • 25%
$1.5 billion to $1.8 billion • 25%
Over $2.1 billion • 25%
$1.8 billion to $2.1 billion • 25%
2029 • 25%
2031 • 25%
2032 or later • 25%
2030 • 25%
Comcast Arena • 25%
Spectacor Arena • 25%
Xfinity Arena • 25%
Other • 25%
Legal challenges • 25%
Community opposition • 25%
Funding issues • 25%
Construction logistics • 25%