The expanded proposal for a Philadelphia 76ers arena would radically transform the area around the downtown stadium, and questions remain about how the organization could pull it off.of the project would supplant the westernmost block of the Fashion District, the Greyhound bus terminal building, and the adjacent block of Filbert Street behind the property.
City Councilmember Mark Squilla, whose authorization would be needed to make that transfer in his district, said the Sixers plan is too vague as it stands and lacks community input from Chinatown and surrounding businesses.Meet the billionaires behind the Sixers’ new arena plans — and another who may prefer the team stay put
Keisha McCarty-Skelton, spokesperson for the Streets Department, said officials are in ongoing talks with the Sixers organization about land use logistics, as well as “calculation of real estate taxes and community engagement.”to serve as a pedestrian plaza for the popular Reading Terminal Market. That proposal would leave Filbert open to auto traffic most of the time.The stadium proposal would demolish a third of the newly developed Fashion District.
But the Fashion District struggled badly during the pandemic and its recovery has been slow. In March, the Pennsylvania Real Estate Investment Trust, a co-owner of the mall, reported that its total occupancy was 78.1% — nearly 10% less than the next lowest-performing mall in its multi-state portfolio.
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