On Wednesday, September 18, Philadelphia Mayor Cherelle Parker officially announced that her administration has reached an agreement with the Philadelphia 76ers over the proposed Center City 76Place arena, a significant development project that aims to bring the Philadelphia 76ers to a new, state-of-the-art facility in Market East. The announcement follows extensive community consultations, including recent discussions with Chinatown leaders and the release of comprehensive impact reports assessing the arena’s potential effects on the immediate neighborhood.

Mayor Parker’s endorsement marks a pivotal moment in the ongoing debate over the arena’s location and design. The decision supports the vision of a privately-funded project designed to revitalize Market East, create jobs, and boost the local economy. The Center City 76Place is expected to not only serve as a new home for the 76ers but also as a catalyst for further development and investment in the surrounding area.

In her statement, Mayor Parker indicated that she will be transmitting the necessary related legislative package to the City Council for its consideration. The legislation would need to be passed by the end of the year in order for the Sixers’ proposed development timeline to remain feasible. City Councilmember Mark Squilla, whose district encompasses Market East, has not publicly indicated his opinion on the arena.