76ers ABANDON approved arena in Philadelphia

In a stunning turn of events, the Philadelphia 76ers will remain at the sports complex in South Philadelphia instead of building a new basketball arena in Center City, according to multiple City Hall sources.
The decision is rooted in a deal struck with Comcast Spectacor, and comes more than two years after the team proposed the new arena for Center City. The NBA and the NFL helped broker the agreement, which ended the franchise’s second attempt to have a home of its own.

Over the next decade, Comcast hopes to transform the sports complex into a year-round destination for work and play. The $2.5 billion proposal calls for new retail and restaurants, a music venue and a hotel.

For now, the plan doesn’t specifically call for a new arena but does leave room for one. Comcast recently completed a $400 million overhaul of the Wells Fargo Center, where the Sixers currently play.

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[brodiebrazil]

IS THIS A GOOD THING, IN THE END?


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[kjkesselring]

As a Phillies sports fan who lives about 2 hours north of the Philly Sports complex, it is so convenient the parking and access to the different facilities. When the Phillies are playing, you can park and walk from Lincoln Financial Field. You can park and use the Philly Live Casino on the complex as well as Xfinity Live, the entertainment complex in the area.
Everything is right there. It would have been increasingly difficult to go to Sixers games if they went to the Center City location. I love how the commissioners and other teams step up and helped keep all the teams together in the same complex!

[mbbno]

As a resident of Philadelphia whose mayor and city council didn't listen to them or the other constituents, I'm glad this is done. The politicians now have to live with their terrible decisions and the repercussions of those actions.

[BeDoHave-sonr]

Deja Vu for me, a repeat of the Phillies Chinatown stadium fiasco 25 years ago. So many similarities. I can still remember mayor Street making the bombshell announcement out of the blue that the Phillies would be getting a new stadium in South Philly, so never mind everything else. The more things change the more they stay the same, especially in Philly.

[Plysomack]

As a born and raised Bay Area kid now living in the Philly market, I seem to be way more surprised by this decision than any of my friends and family who are die-hard Philly sports fans. They have no idea how good they have it here.

[Rummy]

Sixers were using the new stadium as leverage over Comcast Spectacor, who use to own the Sixers. Once Comcast sold the Sixers to Josh Harris, they became tenants in the building and basically just paid rent and did not received money from any outside events and had little, if any money, from game day parking and other revenue. It was all leverage. Comcast did not want a competing arena in Philly with the Wells Fargo Center, especially one in Center City where there are other restaurant and bar options and the arena would draw more concerts and other events.

My guess for having Goodell involved is because they want a real "stadium district" with other buildings and shops. Right now, the only place to go there is Xfinity Live, which is also owned by Comcast.

[robbase]

The stupid mayor fell for the old banana in the tail pipe trick😂

[davidmoorhead]

Happy to see this for the people within that city and county, especially those that have zero interest in sports. There was no need for yet another sports facility to go up that would have displaced so many people and businesses. Build in the section of town where you already are. It's quite unique and cool to have all your teams in one area. Good for the people of Philly.

[mustang]

I understand why the Sixers wanted a new arena. The Wells Fargo Center is owned by Comcast Spectacor (and by extension, the Flyers.) For every Sixers home game, the Flyers get a cut of the gate, parking, concessions, and merchandise. For every Flyers home game or concert, the Sixers get nothing.

[TrocarSlushWeasel]

So, the 76ers decided to go halfsies with the Flyers on a new arena rather than paying full price and more for a new one. Makes sense to me.

[GreatGazoo]

Why do you need a billion dollar building for guys throwing a ball in a hoop when 3 miles away you have a billion dollar building for guys throwing a ball in a hoop?
I might suggest a hundred places where that money might be better spent

[metallicasnake]

Brodie, I know you have said in previous videos that you like to branch out into different topics, but your stadium issues coverage is just so good. I'm grateful that you're staying on top of all of these things. Keep up the good work.

[Tom_Seline]

Reminds me a lot of the movie Max Keeble's Big Move. At first, Max's dad told him "we're moving!" Max said his (awkward) goodbyes to his friends and his parents had everything all boxed up and ready for the moving trucks. AND THEN, the dad storms in and cancels the move and things get really weird lol

[jihoffman]

76 Place was always a leverage play. They didn’t like the financial arrangement with the Flyers/Comcast as Comcast owned the building. In particular, their issue was the Sixers get no share in revenue from non-Sixers events (concerts, etc.) in what is one of the busiest buildings in the country. Getting to become half owner in the new building solves those issues and that was what they really wanted from the beginning. The location in Chinatown was going to be a disaster. This is better for everyone. The one thing that baffles me is that Comcast just spent $400M on updating the current arena which finished last summer. That’s a staggering amount to just leave the stadium in the next six years.

[ZaKRo-bxlp]

Big win for the people of Philly and New Jersey. There was no need for another arena, it didn't make sense.

[Chudley]

Maybe remote working makes it less important to put arenas downtown. Office buildings are not filled with ticket buyers anymore. They drive from their suburban home offices rather come over from a downtown office.

[MrLaneSir]

This is a huge win for the Philadelphia sports fan this weekend beyond the Eagles playoff victory against the Packers. About 8 out of 10 fans on social media were against this from the very start. Fans said that the Sixers should stay in South Philadelphia and got their wish. Last but not least they tried to do the same thing in 1998 when the Phillies proposed a stadium near Chinatown.

[dpg]

You could see it wasn't going to work, with needing 40% of suburban fans to use mass transit for center city not to be swamped with traffic and no additional fund for added trains going to SEPTA, and with construction requiring the height of the station to be reduced and its high windows eliminated to get it to fit underneath the stadium, and that multiple entrance and exit points to the station and concourse would have to be eliminated, and that access to Jefferson hospital would be blocked by fans entering and exiting the stadium, and that the Chinatown community and most Philadelphians were against it.

[DannyOboy]

Thank god not single soul in Philly wanted this and the city council knew it sell out clowns

[bracarbone]

This is what happened. The deal at market east was going to happen. Then the Comcast CEO got involved last minute, not Comcast Spector CEO. The actual CEO to Comcast cable company. Comcast held their league broadcast rights over Adam Silvers and Rodger Goodell head forced Adam and Rodger to tell HBSE to stay put in South Philly, as HBSE owns the 76ers and the Commanders. Which then forced Comcast to finally negotiate with the 76ers as the 76ers had more leverage in this situation.