New Jersey floats $400 million in tax breaks to lure Philadelphia 76ers

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New Jersey floats $400 million in tax breaks to lure Philadelphia 76ers
New JerseyGeneral NewsPA State Wire
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New Jersey is trying to lure the Philadelphia 76ers across the river with up to $400 million in tax credits and plans for a sprawling mixed-use waterfront development. In a letter dated Monday, Democratic Gov.

FILE - Philadelphia 76ers mascot Franklin waves the flag during pre-game introductions prior to the NBA basketball game against the Brooklyn Nets, April 14, 2024, in Philadelphia . CAMDEN, N.J. — Seeking to lure the Philadelphia 76ers across the river, New Jersey is offering up to $400 million in tax credits and outlining plans for a sprawling mixed-use waterfront development.

The Sixers, which already have a training complex and headquarters facility in Camden, called New Jersey’s offer “thoughtful and compelling,” though the team is still talking to Philadelphia leaders about a new arena in the city.

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