Current:Home > InvestPhiladelphia mayor strikes a deal with the 76ers to build a new arena downtown -Balance Wealth Academy
Philadelphia mayor strikes a deal with the 76ers to build a new arena downtown
Surpassing View
Date:2025-04-08 12:34:29
PHILADELPHIA (AP) — The Philadelphia 76ers have a new teammate in their bid to build a new $1.3 billion arena downtown.
Mayor Cherelle Parker announced Wednesday that she has forged a deal with team owners to keep the NBA franchise in town and will send it to city council. The decision comes despite objections from nearby Chinatown residents and just weeks after New Jersey’s governor offered $400 million in tax breaks to build the site across the river in Camden.
“This is an historic agreement,” Parker said in a video posted on the social platform X. “I wholeheartedly believe this is the right deal for the people of Philadelphia. To the people of Chinatown, please know that I hear you. We have the best Chinatown in the United States, and I am committed to working together to support it.”
Team owners say their planned 76 Place would improve a struggling retail corridor near City Hall and capitalize on the city’s public transit. They have vowed not to renew the lease on their current home, a circa 1996 arena in the city’s South Philadelphia sports complex, when their lease runs out in 2031.
The team now rents the arena from Comcast Spectacor, which also owns the Philadelphia Flyers of the NHL, who also play there. Instead, the Sixers’ owners want their own, more modern facility, one they could also rent out for concerts and other events.
Josh Harris, a managing partner of the ownership group, Harris Blitzer Sports & Entertainment, has said the Sixers will build a privately funded facility that “strengthens ties within the local community through investments that prioritize equity, inclusivity and accessibility.”
On Wednesday, a spokesperson said the owners were grateful for Parker’s support of their proposal “and look forward to advancing to the next steps with city council.”
Chinatown activists who have felt the squeeze of development repeatedly since at least the 1990s had urged the mayor to reject the plan. They are only now getting some relief from a sunken expressway that cleaved their community in two in 1991, in the form of a $159 million grant to build a park over the six-lane highway and reconnect the area.
Parker, who inherited the 76ers issue when she took office in January, had promised to consider their input. Activists complained Wednesday that she ignored it. Some of them took to City Hall with homemade lanterns to “shine a light” on the potential consequences. They say the project will increase vehicle traffic in their pedestrian-friendly neighborhood and force vulnerable residents — older people, low-income families and new immigrants — out.
Debbie Wei, of the Save Chinatown Coalition, said the mayor alone should not decide “whether our community should live or die.”
“This fight is far from over,” she said in a statement. “We are going to fight this, and we are going to the mat. It’s on.”
Comcast Spectacor Chairman and CEO Daniel J. Hilferty said they will keep the door open for the 76ers as the plan unfolds while working with the Phillies to expand entertainment venues and jobs at the South Philadelphia complex.
“Either way, we always want what is best for Philadelphia,” Hilferty said in a statement.
___
AP sportswriter Dan Gelston contributed to this report from Philadelphia.
veryGood! (1)
Related
- Meta releases AI model to enhance Metaverse experience
- Beginning of the End for Canada’s Tar Sands or Just a Blip?
- States Begged EPA to Stop Cross-State Coal Plant Pollution. Wheeler Just Refused.
- Orlando Bloom's Shirtless Style Leaves Katy Perry Walking on Air
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Idaho prosecutors to pursue death penalty for Bryan Kohberger in students' murders
- Orlando Bloom's Shirtless Style Leaves Katy Perry Walking on Air
- Maryland to Get 25% of Electricity From Renewables, Overriding Governor Veto
- The Super Bowl could end in a 'three
- Olivia Holt Shares the Products She Uses To Do Her Hair and Makeup on Broadway Including This $7 Pick
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- 4 volunteers just entered a virtual Mars made by NASA. They won't come back for one year.
- Tribe Says Army Corps Stonewalling on Dakota Access Pipeline Report, Oil Spill Risk
- Full transcript of Face the Nation, June 25, 2023
- Trump invites nearly all federal workers to quit now, get paid through September
- Startup aims to make lab-grown human eggs, transforming options for creating families
- Teresa Giudice Accuses Melissa Gorga of Sending Her to Prison in RHONJ Reunion Shocker
- Coast Guard launches investigation into Titan sub implosion
Recommendation
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
When Trump’s EPA Needed a Climate Scientist, They Called on John Christy
17 Vacation Must-Haves Under $50 From UnSun Cosmetics, Sunnylife, Viski & More
Hurricane Season Collides With Coronavirus, as Communities Plan For Dual Emergencies
The White House is cracking down on overdraft fees
U.S. Wind Energy Installations Surge: A New Turbine Rises Every 2.4 Hours
What heat dome? They're still skiing in Colorado
The 23 Best College Graduation Gift Ideas for the Class of 2023