Current:Home > StocksPhiladelphia mayor strikes a deal with the 76ers to build a new arena downtown -VitalEdge Finance Pro
Philadelphia mayor strikes a deal with the 76ers to build a new arena downtown
View
Date:2025-04-15 16:53:33
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! (4426)
Related
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Arguments to free FTX founder Sam Bankman-Fried get rough reception from federal appeals panel
- Browns star Nick Chubb suffers another severe knee injury, expected to miss rest of NFL season
- In Chile, justice eludes victims of Catholic clergy sex abuse years after the crisis exploded
- Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
- West Point sued over using race as an admissions factor in the wake of landmark Supreme Court ruling
- California law restricting companies’ use of information from kids online is halted by federal judge
- The Beigie Awards: Manufacturing takes center stage
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- A Georgia county’s cold case unit solves the 1972 homicide of a 9-year-old girl
Ranking
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Adnan Syed calls for investigation into prosecutorial misconduct on protracted legal case
- Why Everyone's Buying The Nodpod BODY Weighted Blanket For Home, Travel & More
- 3 more defendants seek to move their Georgia election cases to federal court
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- What will Federal Reserve do next? Any hint of future rate hikes will be key focus of latest meeting
- Wonder where Hollywood's strikes are headed? Movies might offer a clue
- Biden gives U.N. speech urging the 2023 General Assembly to preserve peace, prevent conflict
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Puppies training to be future assistance dogs earn their wings at Detroit-area airport
Most of Spain’s World Cup-winning players end their boycott
What we know about the Marine Corps F-35 crash, backyard ejection and what went wrong
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Second teenager arrested in video recorded hit-run crash of ex-California police chief in Las Vegas
Several security forces killed in an ambush by gunmen in Nigeria’s southeast
A federal agency wants to give safety tips to young adults. So it's dropping an album