Philadelphia 76ers- Company

The Philadelphia 76ers have formed a new development company to spearhead the $1.3 billion initiative.

To construct an arena that is privately funded in downtown Philadelphia, the team announced on Thursday.

Philadelphia 76ers- An Arena

Philadelphia 76ers- Planning to Play

The 76ers won't be planning to play in the arena until 2031-32 the season following the lease.

The club announced they will work with Macerich who manages Fashion District Philadelphia.

Philadelphia 76ers- Fashion District

We know the best thing, we believe, for the city, for our fans and for our organization, is to be downtown.

Philadelphia 76ers- Best Thing

Sixers president Tad Brown told ESPN. "And this will create an entirely new environment and a completely new atmosphere.

Philadelphia 76ers- Entirely New

Image Source- New York Posr

"We think it's a win-win for the city and for our organization. It's going to be a lot of fun. It's a great day."

Philadelphia 76ers- A Lot of Fun

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The co-owners of the Sixers Josh Harris and David Blitzer purchased their franchises from Comcast.

Philadelphia 76ers- Franchises

Image Source- Irish Examiner

Committee held the committee's eight open session Wednesday, it was the latest of a string of high-profile riots.

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