Mayor Cherelle Parker stated Wednesday that she will consider input from all stakeholders before deciding on the Philadelphia 76ers’ proposed arena in Center City, but a decision is “forthcoming.” “I’m not talking about in months,” Parker clarified during a town hall discussion, emphasizing that future return on investment is her primary concern. Hundreds gathered at… Read more »
With the Philadelphia 76ers’ quest for a new Center City arena entering a crucial phase, the team said Thursday that it is willing to transfer the Market Street property to public ownership to give the city greater influence on the project. The Sixers said it is also prepared to remove the existing tax increment financing… Read more »
The City of Philadelphia has selected firms to conduct two of the three independent evaluations planned for the 76ers’ polarizing Center City arena proposal. BJH Advisors and Sojourner Consulting will analyze the project’s community impact and CSL will conduct an economic analysis and projections, the city announced Wednesday. *Article courtesy Philadelphia Business Journal For more… Read more »
The first time Cory Scott heard that the Philadelphia 76ers wanted to build a Center City arena at the site of the Fashion District, he was in disbelief. Then the excitement set in. Scott is executive vice president of asset management for Macerich, the real estate investment trust that owns the Fashion District. The Sixers’ proposal for a… Read more »
The city of Philadelphia said Wednesday it will conduct an independent evaluation of the Philadelphia 76ers’ proposed Center City arena, a hot-button development project that’s been closely watched since being unveiled last summer. The $1.3 billion arena is proposed at the site of the Fashion District on Market Street between 10th and 11th streets. The… Read more »
