Philly unveils privately funded arena set for 2030 at Spectrum site

1 min read
Source: NBC10 Philadelphia
Philly unveils privately funded arena set for 2030 at Spectrum site
Photo: NBC10 Philadelphia
TL;DR Summary

Philadelphia will build a new, fully privately funded arena at the former Spectrum site in South Philadelphia, opening in 2030 for the 76ers, Flyers and a future WNBA team. The project is expected to create about 15,000 jobs and generate roughly $6 billion in economic activity over the next decade, with tax revenue benefiting the School District and city; groundbreaking could begin in early 2027 pending city approvals.

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