Arena

Philadelphia 76ers pinky swear they will prioritize minorities even more

The idea that this Philadelphia 76ers deal can be looked at as privately funded is crazy. Nobody can say whether this project is actually privately funded until all the details of the project are released by the team. We don't know who is paying for the land where the new arena would sit. Furthermore, the 76ers still intend to demand a “tax increment financing deal” that would cut their property tax rates and allow them to take taxpayer money to fund the construction.

Arena

Philadelphia 76ers Lobbying Firm “forgot” to disclose who bankrolls them

Last summer, the Philadelphia 76ers announced that they were going to try to build a brand-new $1.3 billion dollar arena in the Chinatown district of Philadelphia. This comes after the city spent roughly $250 million on the arena in 2018. Even though the team continues to publicly assert that the arena will be “privately funded”, nobody has seen a contract which proves it. Two years ago, the 76ers owners claimed that they would “privately fund” a business development, while also wanting almost $750 million in tax breaks and incentives. Therefore, the public was, in fact, paying a lot for…