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Philadelphia 76ers Plot New Arena With No Public Money

  • Team owners promise private finances and no city subsidies
  • The project is expected to finish in time for 2031-2032 season
A view of the arena at the Wells Fargo Center in Philadelphia, Pennsylvania.

A view of the arena at the Wells Fargo Center in Philadelphia, Pennsylvania.

Photographer: David Dow/NBAE/Getty Images

The Philadelphia 76ers professional basketball franchise said it plans to use private money instead of taxpayer dollars to build a $1.3 billion sports and entertainment complex in the city’s downtown.

The team said it aims to complete the project by 2031, when its lease at the aging Wells Fargo Center expires. The complex, with an 18,500-seat arena, would be built atop a public transit hub on what is now part of the Fashion District Philadelphia shopping mall. A website set up by the team to promote the project says it will be “privately funded, no city subsidies.”