The Philadelphia 76ers are staying in South Philadelphia in the latest -- and likely final -- twist in their quest to build a new arena. The Josh Harris-owned 76ers and the NHL's Flyers (owned by Comcast Spectacor) made an announcement Monday morning that the two teams will continue sharing a home in the South Philly Stadium Complex and will build a new arena slated to open by 2031 in a "50-50 joint venture.

What you should knowThe 76ers are going to remain in South Philly after abandoning their plan to build a new arena in Center City.Instead, the Sixers and Comcast Spectacor, which owns the Flyers and Wells Fargo Center,

NBA Commissioner Adam Silver spoke Monday, Jan. 13, 2025, about the announcement of the Philadelphia 76ers partnering with Comcast Spectacor, Comcast and the Philadelphia Flyers to build a new South Philadelphia arena and hopefully lure a WNBA team to Philadelphia's new "world-class arena.