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By Tom Dougherty
/ CBS Philadelphia
A new shared arena for the 76ers and Flyers is coming to the South Philadelphia Sports Complex as part of a 50/50 partnership between Comcast Spectacor and Harris Blitzer Sports & Entertainment, the Sixers’ ownership group.
The announcement comes after the Sixers’ plans to build a new arena in the city’s Market East neighborhood fell through. The partnership includes a joint commitment between Comcast Spectacor and HBSE to help revitalize Market East.
A joint press release said the partnership will bring “together government officials and local stakeholders to develop a variety of options to revitalize a vital neighborhood in Center City where the 76ers had originally proposed locating the arena.”
According to a press release, the new arena is scheduled to open in 2031 but could be moved up to an earlier date. Comcast will have naming rights to the arena.
As part of the partnership, Comcast Spectacor will acquire a minority stake in the Sixers and join HSBE in its bid to bring a WNBA team to Philadelphia.
Philadelphia Mayor Cherelle Parker and city councilmembers will hold a press conference streaming live on CBS News Philadelphia today at 11:30 a.m. to discuss the new developments.
In statements, Comcast CEO Brian Roberts and HSBE’s Josh Harris, David Blitzer and David Adelman thanked Parker and Pennsylvania Gov. Josh Shapiro for helping the partnership come to fruition.
“This is a great day for Philadelphia and the fans of our storied sports franchises,” Roberts said.
HSBE added, “From the start, we envisioned a project that would be transformative for our city and deliver the type of experience our fans deserve. By coming together with Brian and Comcast, this partnership ensures Philadelphia will have two developments instead of one, creating more jobs and real, sustainable economic opportunity. This is a massive win for our fans and for the city.”
NBA Commissioner Adam Silver said the announcement is “great news for the City of Philadelphia.”
“For the past 58 years, in both the Spectrum and Wells Fargo Center, those arenas and Flyers’ fans have consistently produced an atmosphere that is among the best in sports,” NHL Commissioner Gary Bettman said in a statement. “This visionary and forward-looking facility will take the fan experience to a whole new level where the great pride and passion of Philadelphia sports fans will continue to be on full display.”
This is a developing story and will be updated.
Tom Dougherty is a digital content producer for CBS Philadelphia. Before joining CBS Philadelphia, Tom covered sports for NBC Sports Philadelphia. He currently covers breaking news and sports.
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©2025 CBS Broadcasting Inc. All Rights Reserved.
New shared arena with Sixers, Flyers planned for South Philadelphia Sports Complex – CBS News
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