Comcast Spectacor proposes plan for Phillys Market East NBC10 Philadelphia [Video]

As the debate continues over the Philadelphia 76ers’ proposed plan to build a new arena in Center City’s Market East neighborhood, the owner of the team’s current home unveiled renderings of an alternative plan to revitalize the location.

In 2022, the Sixers announced plans to build a new $1.3 billion arena called “76 Place” at Market East and Fashion District Philadelphia by the start of the 2031-32 NBA season. The team’s lease at the Wells Fargo Center at the South Philadelphia sports complex – where they’ve played since 1996 — ends in 2031.

A report from the Philadelphia Inquirer stated that Comcast Spectacor — which owns the Wells Fargo Center — presented a plan to a community group that would supplant the Sixers arena by turning the Fashion District mall into a biomedical research facility.

A spokesperson for Comcast Spectacor did not confirm the specific details of the Inquirer’s report but sent NBC10 four renderings …