FOX 29's Jeff Cole gathers more information on the impact studies released Monday by the city that analyzes the proposed new Sixers arena in Philadelphia's Market East neighborhood.
The Philadelphia City Council member likely to play a major role in the approval or rejection of the Sixers' proposed new arena in the Market East neighborhood said the plan is viable after impact studies on the area are released.The studies point to snarled traffic and congestion in an already tight Chinatown, as obstacles to the shiny, new home for pro basketball, to be called 76 Place.
It’s going to be gentrified, folks are going to be pushed out, low-income folks won’t be able to live here anymore," said Vivian Chang, a member of Asian Americans United, a group opposing the arena. The study examines dollars and cents and finds $1.9 billion in economic activity from construction and 30 years of operation but suggests $390 million in new tax dollars, far short of the team’s projection of $1.5 billion.
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