The construction of the arena will bring 12,200 jobs and inject $2.3 BILLION of economic impact into Center City.
It will spur additional economic benefits to the surrounding area, including increased foot traffic to 700+ retail businesses within ½ mile of the arena.
Once built, the arena will host events about 150 nights a year, driving an estimated $400M of net new economic impact annually.
We will reserve dedicated space for small, diverse local businesses and programs and investment to help them prepare to take advantage of this historic opportunity.
Potential economic impact to Philadelphia
Potential economic impact to Philadelphia
700+ businesses in Food Services, Retail, and Arts & Entertainment will benefit from being within a ½ mile walking distance of the arena
Following events at the Convention Center, the average daily population walking in front of shops and restaurants increased by 74% to 35,300
The arena is being developed by 76DevCo, a partnership between 76ers Managing Partners Josh Harris and David Blitzer and Philadelphia Business Leader David Adelman.
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