CAMDEN, NJ - SEPTEMBER 13: Owner of the Philadelphia 76ers, Joshua Harris, speaks at the podium prior to the team unveiling a sculpture to honor Charles Barkley at their practice facility on September 13, 2019 in Camden, New Jersey.

We have known for a while that the Sixers were not long for the Wells Fargo Center. They made it clear they were not happy paying rent to live in someone else’s building. But now we know what they plan to do. Earlier today they announced their plans to build a new stadium in Center City, where the Fashion District is, before their current lease is up at the Wells Fargo Center.

The new building will be called 76 Place. It is expected to cost around $1.3 billion to build. Construction will reportedly be complete before the 2031-2032 season. The Sixers claim the stadium will be privately funded. Sixers CEO Tad Brown spoke to ESPN about why they chose this area.

“We know the best thing for the city, for our fans and for our organization, is to be downtown in a state-of-the-art facility that’s going to be privately funded by our ownership team. And that’s going to create a brand-new environment, a whole new environment, that’s going to also really give a great economic boost in a development boost to a part of town that really needs it. 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.”

Not Everyone is Excited About This Plan

The announcement was met with mixed reactions. Some were excited about the idea of a brand new arena. Others anticipate potential issues. Traffic, underdeveloped infrastructure, and crime are among several issues that concern many fans. We have a little under a decade until it would open. Hopefully, improvements could be made before then to make this viable. In the ideal world, this could be a boon for the city and bring increased business while forcing the city to address crime and improve the public transit infrastructure. But there are valid concerns when it comes to building this arena.

After the announcement, Tom Moore, sports columnist for the Bucks County Courier Times, joined the Anthony Gargano show to discuss these plans by the Sixers.

You can listen to that interview here…

It will be an interesting story to follow. Nothing is official yet, but for now the Sixers plan to build their next Stadium in Center City. They have played their home games in The Wells Fargo Center since 1996, though it has gone through multiple name changes in that time. But the Sixers were always tenants not owners. The Sixers seem determined to go ahead with building their own home. And it looks like they may find it in Center City.