Plans for Sixers’ Future $1.3B Arena Could Be Pushed Back

The Philadelphia 76ers might have to wait a little longer to get into their new $1.3 billion arena.

76 Devcorp, the development company created in July 2022 to oversee the project, was eying June to receive approval of a zoning variance from the city for the Center City venue.

“I would say by the fall, that’s really our goal,” David Adelman, part-owner of the Sixers and chairman of 76 Devcorp told Philadelphia Business Journal. 

“Honestly, I think it’s just the pace of the government in Philadelphia … I still like June. We’re making good progress on the paths we need to make, but I know if you don’t get it done by June, not a lot gets done in Philadelphia in the summer.”

The City Council meets June 22 and then not again until Sept. 14.

Councilmember Mark Squilla would introduce the variance for approval and has said he wouldn’t introduce legislation unless community members reviewed it first. His district includes Chinatown, whose businesses and residents have heavily criticized the proposal.

“What we’re working on now is actually quantifying it so you can see the diagram of what you can get with this money,” Adelman said, adding that they want to work with the community.

Tentatively named 76 Place, the arena is estimated to provide $1.9 billion in economic output during construction and $400 million annually once it opens. The team is aiming for it to open during the 2031-32 season — its lease at Wells Fargo Center ends in 2031.