The Philadelphia 76ers have reached an settlement with Philadelphia mayor Cherelle Parker on plans to construct a brand new area in Heart Metropolis. The $1.5 billion proposed area now wants backing from Metropolis Council to get closing approval.
Within the video, Parker claimed the sector proposal is “one of the best monetary deal ever entered into by a Philadelphia mayor for a neighborhood sports activities area.” She mentioned she believes constructing the sector in Heart Metropolis is the “proper deal for the individuals of Philadelphia.”
The Sixers mentioned in a press release, “We’re grateful to Mayor Parker and her group for his or her time and diligence in evaluating our proposal and look ahead to advancing to the subsequent steps with Metropolis Council.”
The group’s lease on the Wells Fargo Heart, owned by Comcast Spectacor, ends in 2031. The Sixers have acquired curiosity to relocate to New Jersey if an area deal in Philadelphia could not be reached.
