NAYZE MEDIA (K. RAHMAN @kblack_yb932)
SPORTS/LOCAL: PHILADELPHIA 76ERS
Cover Photo Courtesy: WHYY
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A report from Sports Illustrated said the 76ers are packing their things up, and getting up out of South Philly. The 76ers organization announced on Thursday morning, that they’d just closed on a deal that will be moving the team from its current South Philly location, to a new location in/ or closer to Center City Philadelphia.
According to the Sports Illustrated report, the total cost of the new arena is expected to be around $1.3 billion. According to CEO of Campus Apartments, and Founder of Darco Capital, David Adelman, the move has been in deliberation for over two years.
“The chosen location is a key step in the process of developing a destination that provides Center City and surrounding communities with an economic engine generating activity through 76ers and youth gamers, concerts, events, and more”, Adelman said of the move.
The project will reportedly be funded privately and run by 76 Devcorp. The article did not specify a set location or timetable for the new Center City stadium.