Philadelphia Mayor Cherelle Parker said that her administration supports the development of a new arena for the Philadelphia 76ers in Center City, and she will send a legislative package to city council for approval in order to get the development started. “This is an historic agreement,” Parker said. “It is the best financial deal ever entered into by a Philadelphia mayor for a local sports arena.” The Sixers propose a new, 18,500-seat arena called “76 Place” in the city’s Market East neighborhood that would also host retail and live performances. The plan now has a $1.55 billion price tag after the organization added a 20-story residential tower last year. The proposal has drawn pushback from the nearby Chinatown community that says the development would have a detrimental effect on the neighborhood’s historic culture and identity. Read more here.
Source: WHYY; 9/18/2024