Back to today’s briefing

Story perspectives

Sixers Stay in Philly Until 2061 with $800M Deal

1/17/2025

23 3

Summary

Story summary

Philadelphia Mayor Cherelle Parker has secured a groundbreaking deal to keep the Sixers in the city until 2061, fueled by $800 million in tax credits. This agreement promises $50 million in community benefits and $6 million yearly for the city. However, City Council hearings raised alarms about funding for Chinatown and the expansion of SEPTA services.

1 of 1

Story summary

Philadelphia Mayor Cherelle Parker has secured a groundbreaking deal to keep the Sixers in the city until 2061, fueled by $800 million in tax credits. This agreement promises $50 million in community benefits and $6 million yearly for the city. However, City Council hearings raised alarms about funding for Chinatown and the expansion of SEPTA services.