The 76ers seem set to remain in Philadelphia. According to Mayor Cherelle Parker, an agreement has been reached between the city’s leadership and the 76ers’ ownership for a new arena.
Earlier, the team had announced plans for a $1.3 billion arena in downtown Philadelphia. However, local residents, particularly in Chinatown, near the proposed site, voiced opposition and attempted to halt the project.
“I am proud to announce that I’ve made my decision, and we’ve reached a deal to keep the Sixers here,” Parker said in a video shared online. “I believe this is the right decision for Philadelphia. To the people of Chinatown, I hear your concerns. We have the best Chinatown in the country, and I’m committed to supporting it.”
As your Mayor, I'm speaking from my City Hall office with a very important announcement. I am proud to share that I have made my decision, and an agreement has been reached to ensure that our Sixers are staying home.
I wholeheartedly believe this is the right deal for the People… pic.twitter.com/Fnj19mrBOV
— Mayor Cherelle L. Parker (@PhillyMayor) September 18, 2024
Parker’s statement came two weeks after New Jersey presented an offer to the 76ers to build the arena in Camden. The New Jersey Economic Development Authority proposed tax credits up to $400 million each and bonds worth up to $500 million.
Currently, the 76ers play at Wells Fargo Center, which is owned by Comcast Spectacor and shared with the NHL’s Philadelphia Flyers.
