Sixers Unveil Plan for $1.3B Downtown Arena by 2031-32

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Sixers

The Philadelphia 76ers are creating a new development company that will help build a privately funded $1.3 billion arena in the city's downtown, the team announced Thursday morning.

As reported by ESPN, the team said it will partner with Macerich, the operator of Fashion District Philadelphia, to bring the arena to fruition. The 76ers don't plan to be in the arena until the 2031-32 season — the season after the lease expires at their current home, Wells Fargo Center — and they won't break ground on the new site for several years.

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