When the news broke Camden, New Jersey, trying to lure the Philadelphia 76ers across the river with a new arena development, it was an obvious bit of leverage for the franchise. That’s why the 76ers’ comment on the proposal was, “We have to take all possible options seriously, including this one.”
It worked. Or at least pushed the arena deal the 76ers wanted over the finish line. On Wednesday, Philadelphia Mayor Cherelle Parker announced that her office had finalized a deal to build an arena for the Philadelphia 76ers in Center City.
As your Mayor, I am speaking from my City Hall office with a very important announcement. I am proud to share that I have made my decision, and an agreement has been reached to ensure that our Sixers stay home.
I wholeheartedly believe this is the right deal for the People… pic.twitter.com/Fnj19mrBOV
— Mayor Cherelle L. Parker (@PhillyMayor) September 18, 2024
“We thank Mayor Parker and her team for their time and diligence in evaluating our proposal and look forward to moving forward to the next steps with City Council,” the 76ers said in a statement. The Philadelphia City Council has yet to vote on the project, but no big city mayor gets to that position without being able to count votes before making a major public announcement.
The 76ers were looking to move out of the Wells Fargo Arena, their lease expires in 2031, and this downtown development near Chinatown was the club’s preferred choice. However, there was considerable opposition from residents and businesses in Chinatown, and after the announcement, the Save Chinatown Coalition released its own statement saying that the “fight is far from over”.
A few weeks ago, the City of Philadelphia released a series of reports detailing predictions about how the proposed arena would impact parking, traffic, neighborhoods and more. Those reports were not entirely glowing, raising concerns about parking and traffic if the public transport targets for people going to the site are not met.
The Camden offer — which was legitimate and included $400 million in tax credits — gave the 76ers some leverage in the negotiations. While there are votes (and, likely, a lawsuit) still to be made, it looks like the 76ers will remain in Philadelphia for the foreseeable future.
