Official announcements from the Philadelphia 76ers or local news outlets

Philadelphia Mayor Announces $1.3 Billion Agreement for New 76ers Arena in Center City, Pending Legislative Approval

Sep 18, 2024, 07:02 PM

Philadelphia Mayor Cherelle Parker announced that an agreement has been reached to build a new arena for the Philadelphia 76ers in Center City. This decision ensures that the 76ers will remain in Philadelphia. The proposed $1.3 billion to $1.5 billion arena project, which requires legislative approval, has faced opposition from Chinatown residents. The administration has been meeting with Chinatown leaders to address their concerns. The Philadelphia City Council will vote on the location for the Sixers' new home. The team was considering a move upon the conclusion of its lease at the Wells Fargo Center following the 2030-31 season.