What to Know The Philadelphia 76ers will partner with Comcast Spectacor to build a new arena in South Philadelphia and abandon a deal to move downtown. The stunning news came as a relief to critics of the plan to put a $1.

Monday, the Sixers revealed more about the agreement, which includes a 50-50 joint venture to build a new, "world-class, state-of-the-art arena in the South Philadelphia Spots Complex that will be the new home of the Philadelphia 76ers and Philadelphia Flyers," in a press release.

The Philadelphia 76ers are reportedly staying in Philly after all, abruptly dropping plans for a new arena in Center City. Reports Sunday indicated that Comcast has presented an agreeable plan to redevelop the South Philadelphia Sports District and keep the basketball franchise in South Philly.