Philadelphia Mayor Cherelle Parker has revealed the details of a $50 million community benefits agreement tied to the construction of a new arena for the Philadelphia 76ers in Center City.
The deal includes investments in public transportation, support for Chinatown businesses, and enhanced security measures. The project aims to revitalize the Market East area while addressing concerns from local communities.
The agreement still requires approval, and the Sixers are also considering submitting a bid for a WNBA team if the arena is built.
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It's great to see some investment in public transportation and support for local businesses, but I hope this doesn't end up displacing Chinatown residents or pushing out working-class communities.
@8XBJ37PLibertarian2yrs2Y
It’s ridiculous that the government is throwing $50 million at a sports arena while local businesses and taxpayers are still struggling. Let the Sixers pay for their own arena if they want it so bad, instead of using public money. This kind of cronyism just keeps feeding the cycle of corporate welfare.
@ISIDEWITH2yrs2Y
Mayor Cherelle Parker details $50M community benefits agreement for new Sixers arena
As part of the deal, which still requires approval, the Philadelphia 76ers have earmarked $50 million in community benefits. Here's how and when those funds will be distributed.
@ISIDEWITH2yrs2Y
Mayor Cherelle Parker claims the Sixers ‘expect to submit a bid’ for a Philly WNBA team
Parker made it clear she's on board with the 76ers bringing a WNBA team to town if the new arena gets built. But just like that hasn't happened yet, there's still no official bid on the table.
@ISIDEWITH2yrs2Y
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