The Philadelphia 76ers are staying in South Philadelphia in the latest -- and likely final -- twist in their quest to build a new arena. The Josh Harris-owned 76ers and the NHL's Flyers (owned by Comcast Spectacor) made an announcement Monday morning that the two teams will continue sharing a home in the South Philly Stadium Complex and will build a new arena slated to open by 2031 in a "50-50 joint venture.

Ahead of Monday’s match-up against the Florida Panthers, Comcast Spectacor, the ownership group of the Philadelphia Flyers, and Harris-Blitzer, the ownership group of the Philadelphia 76ers, announced their partnership on a new arena for the two teams.

You may have heard that the Sixers’ Market East plans are kaput. They’re going to do the 50/50 thing in South Philly instead, and here’s the official press release confirming that: PHILADELPHIA, PA – January 13,

After years of posturing, planning, and protests, the Sixers are staying in South Philly after all. Well … that was a fun ride. After years of posturing, planning, and protests, the Sixers are staying in South Philly after all.

The Sixers plan to revitalize Market East by building an arena is no longer happening. So what will happen to the once bustling Market East?

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,