Philadelphia 76ers announce new agreements for proposed $1.3 billion arena
The Philadelphia 76ers’ development team, 76 Devcorp, recently announced the new agreements it plans to make with Philadelphia on its proposed $1.3 billion arena. What you should know: The proposal for the Sixers' arena, 76 Place at Market East, which was announced in July last year, has been strongly opposed by the Chinatown community, whose members have cited concerns of displacement, parking and traffic congestion, gentrification and the decline of Chinatown culture. Recent development: Announced in a statement on Thursday, 76 DevCorp revealed details of the agreements ...