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hiladelphia Mayor Cherelle Parker has announced a "historic" agreement with the 76ers' owners to build a new $1.3 billion arena in Center City, keeping the team in Philadelphia. The deal would see the Sixers move out of South Philadelphia when their lease expires in 2031, and it's unclear if the Flyers would also relocate. The privately funded arena is set for Market Street between 10th and 11th streets, with local officials hoping it will revitalize a struggling retail corridor.

    However, the decision has sparked opposition from community members, particularly those in Chinatown, who are still reeling from a divisive expressway that split their neighborhood decades ago. "This fight is far from over," said Debbie Wei of the Save Chinatown Coalition. The agreement may also impact Comcast Spectacor's plans for the South Philadelphia Sports Complex, which included $2.5 billion in upgrades and development.

    The deal could head off an attempt by New Jersey to lure the Sixers across state lines with a $400 million tax break offer. The city council will review the agreement before it can move forward.