Sixers drop plan to build $1.3B downtown stadium

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The story "Sixers drop plan to build $1.3B downtown stadium" was covered 14 hours ago by Business Mirror, a news publisher based in Philippines.

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Sixers drop plan to build $1.3B downtown stadium - Business Mirror

Quick Summary:

PHILADELPHIA — The Philadelphia 76ers have decided not to build a $1.3 billion downtown arena, a surprising move that comes just weeks after the team received approval for the controversial project from the city council.

Opponents feared the arena would bring gridlock on game days as well as gentrification and rising rents to the area.

The Philadelphia Inquirer reported Sunday that multiple council members had confirmed the change in plans.