“HBSE and Comcast will also immediately focus on Market East, bringing 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,” the release read.

The 76ers had received approval to build a Center City stadium but changed course and now will partner with Comcast on a new South Philadelphia arena.

The 76ers are going to stay in South Philly after all, according to City Council members and a key labor leader. The team has struck a deal with Comcast Spectacor to remain in the South Philadelphia sports complex,

The Sixers owners say they will 'develop a variety of options' for the East Market Street site where they initially sought to build a venue.

It is a head-spin development from the fight the 76ers have lodged over the last two years when it sought to build a new arena in Chinatown and close to the city’s center, and as it went to battle with Comcast,

The Philadelphia 76ers are staying in South Philadelphia in the latest -- and likely final -- twist in their quest to build a new arena. The Josh Harris-owned 76ers and the NHL's Flyers (owned by Comcast Spectacor) made an announcement Monday morning that the two teams will continue sharing a home in the South Philly Stadium Complex and will build a new arena slated to open by 2031 in a "50-50 joint venture.

The new arena will also be the home of the Philadelphia Flyers, and will host touring acts and special events.

Plans to build an arena for the Sixers in Center City have fallen through, and the team plans to stay in South Philadelphia, sources close to the negotiations say.

Chinatown is claiming victory after the Philadelphia 76ers abruptly abandoned their plans for a brand-new arena in Market East.

South Philly residents are sounding off after the Philadelphia 76ers announced they are abandoning the $1.3 billion plans to create an arena in Center City, moving the Sixers into a new arena in South Philly.