
PHILADELPHIA — In a move that will likely stun many, the plan to bring a $1.3 billion arena to Market Street in Center City Philadelphia has been abandoned. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading.
Main Idea: The Philadelphia 76ers have abandoned their planned Center City arena and will stay in South Philadelphia, officials said.
Key Points:
Philadelphia taxpayers may lose some promised school funding and downtown businesses may miss expected arena traffic.
A new South Philadelphia arena could keep construction and union jobs in the region and may bring nearby redevelopment.
Rate how each entity in this article affected the American people.
Central business partner in the new arena plan and revitalization project.
Primary team central to the arena decision and the reported move to stay in South Philadelphia.
Central local government actor involved in the arena negotiations and expected revitalization work.
Named Philadelphia City Councilmember whose reaction to the shift is a major part of the article.
Named city official referenced in the arena process and community consultations.
Major sports franchise expected to partner on the new South Philadelphia arena.
Named union leader whose comments confirm the new deal and its labor implications.
Named labor organization represented by Ryan Boyer and tied to the new arena deal.
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