Decision On Proposed Center City 76ers Arena Likely "In The Fall," Philadelphia Councilmember Says

CBS Philadelphia

August 28, 2024

PHILADELPHIA (CBS) — Philadelphia officials have released four reports looking into possible impacts of the proposed 76 Place at Market East, eight months after they were expected. The studies, which examine community, economic and transportation impacts and stadium design, are meant to help lawmakers move forward on what has become a controversial project.

"I do think a decision whether to move forward will be made in the fall," Councilmember Mark Squilla said.

The economic analysis said having two arenas in Philadelphia would be a viable option for the city, a differing stance from a previous study by Comcast, which owns Wells Fargo Center. It also estimates that through construction and over 30 years, a new Market East arena would generate $1.9 billion in new economic activity, $390 million in new state, city and school district taxes and 710 new jobs.

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