9:39 a.m.: Comcast Spectacor has officially announced the plan, a joint venture between them and Harris Blitzer Sports & Entertainment, to see a new arena for the Flyers and 76ers open in 2031 at the latest. They’re also investing “in the revitalization of Market East in Center City,” where the 76ers were previously set to construct a new home.
8:33 a.m.: The Flyers, along with ownership group Comcast Spectacor, are expected to announce plans to construct a new arena in South Philadelphia later today in conjunction with the NBA’s 76ers, Frank Seravalli of Daily Faceoff reports.
After recently completing major renovations of theirs and the 76ers’ current home, the Wells Fargo Center, the Flyers’ future in the South Philly district was somewhat murky after the latter announced plans to build a new home downtown. Our sister site, Hoops Rumors, relayed a report from Jake Blumgart and Sean Collins Walsh of the Philadelphia Inquirer yesterday that the 76ers had reversed course and reached a deal with Comcast Spectacor, which owns the Wells Fargo Center, to remain in the complex.
The Flyers have called the South Philadelphia Sports Complex for the entirety of their 58-year existence, playing at The Spectrum from their inaugural season in 1967-68 until moving into the newly-constructed, nearby Wells Fargo Center (then the CoreStates Center) in 1996.
After nearly 30 years in their second home, the Flyers’ third home will remain at 3601 S. Broad St. A new arena would come in conjunction with a $2.5B renovation of the entire complex that Comcast Spectacor announced in conjunction with MLB’s Phillies in March 2024, following in the footsteps of many other NHL markets with non-downtown arena in creating more living and retail space immediately adjacent to arena property.