The Sixers’ 2031 deadline also mattered, as did TV money the Sixers will indirectly receive from Comcast Spectacor.

Moving forward, the Sixers are still in progress to have a new arena by 2031. However, the will be remaining in the city's "stadium district." This announcement came after reports emerged that NBA commissioner Adam Silver and NFL commissioner Roger Goodell held a meeting with the higher-ups of the franchise.

The Philadelphia 76ers and Comcast have come together on plans to build a new arena in South Philadelphia, abandoning plans to build a $1.3 billion arena

What you should knowThe 76ers are going to remain in South Philly after abandoning their plan to build a new arena in Center City.Instead, the Sixers and Comcast Spectacor, which owns the Flyers and Wells Fargo Center,