All articles tagged with #privately funded
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.
The Arizona Coyotes have announced their commitment to winning a state land auction and developing a privately funded sports arena and entertainment district in Phoenix, Arizona, without taxpayer funding. The proposed development includes a state-of-the-art arena, practice facility, live music theater, retail space, residential units, office space, and more, with the aim of creating a vibrant community and generating significant economic benefits for the region. The project is expected to create thousands of jobs and generate billions in new spending and tax revenues over the next 30 years.