New NBA and NHL Stadium to be Built by Comcast and Harris Blitzer in South Philadelphia
Harris Blitzer Sports & Entertainment, in collaboration with Comcast Spectacor, has announced plans to construct a new state-of-the-art arena in South Philadelphia that will serve as the home venues for the NBA’s 76ers and the NHL’s Flyers. This groundbreaking development marks a significant shift from previous intentions to build the arena in Philadelphia’s Center City district.
The joint venture between Harris Blitzer and Comcast Spectacor involves a binding agreement for a 50-50 partnership in the project at South Philadelphia’s Sports Complex, with an anticipated opening date set for 2031. The decision to relocate the arena from Center City to South Philadelphia includes plans for the revitalization of Market East, the initially proposed location for the arena. Notably, the Philadelphia 76ers recently secured approval to construct a $1.3 billion arena downtown after a prolonged period of contentious negotiations.
Comcast will acquire a minority stake in the 76ers as part of the agreement, along with the naming rights to the arena. Additionally, the Philadelphia-based company will collaborate with HBSE to pursue bringing a WNBA team to Liberty City, further expanding their sports portfolio. It’s worth mentioning that Comcast Spectacor already holds a majority ownership stake in the Philadelphia Flyers.
In a joint statement, HBSE’s Josh Harris, David Blitzer, and David Adelman expressed their excitement about the project, highlighting their vision for a transformative development that will enhance the fan experience and contribute to the city’s economic growth. By partnering with Comcast CEO Brian Roberts and Comcast, the collaboration aims to deliver two significant developments, creating job opportunities and sustainable economic benefits for Philadelphia.
Both companies have committed to generating thousands of jobs and driving billions of dollars in economic activity for the region through these investments. Philadelphia Mayor Cherelle Parker emphasized the long-term impact of this project on the city, underscoring its potential to benefit future generations during a press conference on Monday.
As the city prepares for this monumental undertaking, the collaboration between Harris Blitzer, Comcast Spectacor, and other stakeholders sets the stage for a new era in Philadelphia’s sports scene, promising unparalleled experiences for fans and significant economic opportunities for the region.
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