76 Place At Market East

Center City Philadelphia's New Sports Arena Proposed

76 Place at Market East

A new sports arena has been proposed for Center City Philadelphia. The proposed arena, 76 Place at Market East, would be the future home of the Philadelphia 76ers of the National Basketball Association (NBA). The arena is expected to cost approximately $1.3 billion to build and would provide $1.9 billion in overall economic impact to the city.

Wells Fargo Center's Replacement

76 Place at Market East would replace the Wells Fargo Center, which has been the home of the 76ers since 1996. The Wells Fargo Center is consistently ranked among the top 10 venues in the United States. However, the arena is showing its age and is no longer able to meet the needs of the 76ers or the city of Philadelphia.

The new arena would be privately funded and would be located in Center City Philadelphia. The arena would be built on the site of the current Market East shopping mall. The new arena would be a state-of-the-art facility that would provide a world-class experience for fans.

Construction Timeline

The new stadium is not expected to break ground for several years. The project is still in the planning stages, and there is no set timeline for construction. However, the arena is expected to be completed by 2030.

Conclusion

The proposed 76 Place at Market East would be a major addition to Center City Philadelphia. The arena would provide a new home for the 76ers and would be a catalyst for economic development in the city. The new arena would be a world-class facility that would provide a great experience for fans for many years to come.