Just hours after we finally received confirmation of James Harden’s new contract with the Sixers, we got some more unexpected news. The Sixers made a major announcement on Thursday morning that they are planning to build a new arena, 76 Place, that will be in Center City at the current site of Fashion District Philadelphia.
Josh Harris and David Blitzer have also announced the creation of a new development company, 76 Devcorp, which will be responsible for developing the new arena. The development company will be led by chairman David Adelman, a lifelong Sixers fan and real estate developer.