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The Independent UK
The Independent UK
National
Via AP news wire

Philadelphia 76ers explore building privately-funded arena

Philadelphia 76ers Philadelphia David Adelman Josh Harris Entertainment
Copyright 2020 The Associated Press. All rights reserved

The Philadelphia 76ers on Thursday announced plans to take the first steps toward building a privately-funded sports and entertainment arena.

The team's managing partners, Josh Harris and David Blitzer, unveiled the creation of a new development company led by business leader David Adelman to create its future home in the city's Fashion District. They said 76 Place is anticipated to cost approximately $1.3 billion.

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