Harris Blitzer Sports & Entertainment and Comcast Spectacor announced a joint venture to build a new arena in South Philadelphia for the NBA's 76ers and the NHL's Flyers. The project, slated to open in 2031, represents a shift from previous plans to build an arena in Center City. The deal includes a 50-50 stake in the project and will also involve the revitalization of Market East in Center City. Comcast Spectacor will gain a minority stake in the 76ers and naming rights to the arena. The companies say the investments will create thousands of jobs and generate billions of dollars in economic activity.
Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA’s 76ers and the NHL’s Flyers . The deal represents a reversal from previous plans to build an arena in the Center City district of Philadelphia . Harris Blitzer and Comcast Spectacor have entered into a binding agreement for a 50-50 stake in the project at South Philadelphia ’s Sports Complex, which is slated to open in 2031.
The Philadelphia-based company will also join HBSE’s bid to bring a WNBA team to the Liberty City. Comcast Spectacor is already majority owner of the Philadelphia Flyers. “From the start, we envisioned a project that would be transformative for our city and deliver the type of experience our fans deserve,” said HBSE’s Josh Harris, David Blitzer and David Adelman in a statement.
Arena Philadelphia 76Ers Flyers Comcast
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