Philadelphia Mayor Finalizes Plans for New 76ers Arena in Center City

When news broke that Camden, New Jersey was attempting to entice the Philadelphia 76ers to move across the river with the promise of a new arena development, it was seen as a strategic move by the franchise. In response, the 76ers commented, "We must carefully consider all potential options, including this one." Ultimately, the tactic proved successful in pushing the arena deal desired by the 76ers across the finish line. Recently, Philadelphia Mayor Cherelle Parker announced that her office has officially reached an agreement to construct an arena for the Philadelphia 76ers in Center City.

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

"We are grateful to Mayor Parker and her team for their time and diligence in evaluating our proposal and look forward to advancing to the next steps with City Council," the 76ers said in a statement. The Philadelphia City Council still has to vote on the project, but no big city mayor gets to that position without being able to count votes before making a major public announcement.

The 76ers have been looking to move out of the Wells Fargo Arena, their lease is up in 2031, and this city center development near Chinatown was the club's preferred choice. However, there was considerable opposition from residents and businesses in Chinatown, and after the announcement, the Save Chinatown Coalition released its own statement saying the "fight is far from over."
A few weeks ago, the City of Philadelphia released a series of reports detailing predictions on how the proposed arena would impact parking, traffic, neighborhoods and more. Those reports were not wholly glowing, raising concerns about parking and traffic if the public transit goals for people going to the venue are not met.

The Camden offer — which was legitimate and included $400 million in tax breaks — gave the 76ers some leverage in the negotiations. While there are votes (and, probably, a lawsuit) still to go, it looks like the 76ers will be staying in Philadelphia for the foreseeable future.

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