Will 76 Place sign a legally binding pledge to not accept a penny of public funding for 76 Place development or related infrastructure upgrades?
76 Place does not require any taxpayer support. As detailed above, if there are existing state or federal programs that this project qualifies for and could help enhance the project, we will explore them.
If the cost of building 76 Place exceeds the estimated $1.55B, can you guarantee that no taxpayer dollars will be used to make up the difference in funding?
Yes, no city tax dollars will be used to build 76 Place and we do not need any public funding to complete the project. If there are state or federal funding programs that allow us to enhance the project, we are open to them but we do not need them.
How will 76 Place be funded? Will the project use any city, state, or federal funds?
We are focused on delivering an arena that makes a positive and lasting impact on our city. This project is being financed through a combination of equity and debt, along with advertising and sponsorship revenue. We believe that a development of this nature in Philadelphia should not utilize scarce public resources. We will not be […]
