New Jersey officials sent the 76ers ownership a letter proposing hundreds of millions of dollars in tax credits if the Sixers built 76 Place there.
CAMDEN, N.J. -- Hundreds of millions of dollars in tax credits and millions more in government-issued bonds could be available to the Philadelphia 76ers ownership if they decide to build their proposed new arena and residential project, 76 Place, in Camden, New Jersey , officials said this week.The New Jersey Economic Development Authority sent a letter on Monday to Harris Blitzer Sports Entertainment, the company that owns the Sixers, affirming that the agency, Gov.
'We have to do this together as a city, right? We cannot put one development there that's going to be detrimental 30 years from now saying, well, they would have left if we didn't do this, right?,' Squilla, who also added that he'd like to try and keep the arena in Philadelphia, said.One of a group of impact studies on the proposal found half of the small businesses in Chinatown 'are not positioned to benefit from the Arena and may experience negative impacts.
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