Harris Blitzer Sports & Entertainment and Comcast Spectacor Announce Joint Venture to Build World-Class Arena in South Philadelphia as Well as Revitalize Market East
Partnership Will Create New Home for
** Mayor Cherelle Parker to Host Press Conference at 11:30 AM at City Hall with City Council President Kenyatta Johnson, Other Council Members, Comcast, HBSE and Comcast Spectacor **
Slated to open in 2031, with the potential to accelerate to an earlier date, the new facility will be one of the finest, most technologically advanced, and sustainable sports and entertainment arenas in the country. In addition, the partnership will include a 50-50 venture to invest in the revitalization of Market East in
By committing to both investments, the partnership will create thousands of jobs, generate billions of dollars in economic activity for the city, region and state, and enhance commitments to create economic opportunity in neighborhoods across
“This is a great day for
“From the start, we envisioned a project that would be transformative for our city and deliver the type of experience our fans deserve. By coming together with Brian and Comcast, this partnership ensures
“Today’s announcement is great news for the City of Philadelphia,” said NBA Commissioner Adam Silver. “I greatly appreciate the leadership of Mayor Parker and Governor Shapiro and the willingness of HBSE and Comcast to join forces, the result of which will be a world-class arena for 76ers and Flyers fans, with opportunities for more teams to come.”
“We're thrilled to see Comcast Spectacor and HBSE unite to deliver a new state-of-the-art arena in
The new arena partnership is a joint venture with equal board representation and an HBSE representative serving as the Chair. Comcast will have the naming rights to the venue. HBSE and Comcast will also immediately focus on Market East, bringing together government officials and local stakeholders to develop a variety of options to revitalize a vital neighborhood in
“We firmly believe we are better working together for Philadelphia,” said Dan Hilferty, Chairman and CEO of Comcast Spectacor. “This new arena will complement other exciting developments in the area, including Comcast Spectacor’s and the Philadelphia Phillies’ plans to create the country’s top sports and entertainment district. We will all work closely together to create an unmatched experience for the fans while developing a vibrant mixed-use district that serves our community.”
About HBSE
Founded by Josh Harris and David Blitzer in 2017, Harris Blitzer Sports & Entertainment (HBSE) is an industry-leading sports and entertainment group, with a focus on building passionate, high performing teams that strengthen our communities. Anchored in sports, venues and ventures, HBSE’s diverse and global portfolio is centered around marquee assets, including the
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.
About Comcast Spectacor
Comcast Spectacor, a proven, innovative leader in sports and entertainment, is part of the Comcast Corporation, a global media and technology company that operates Comcast Cable, NBCUniversal, and Sky. Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250110761092/en/
Media Contacts:
HBSE
Dave Sholler
(609) 992-1315
Molly McEndy
(484) 433-7777
Comcast Corporation
Jennifer Khoury
(215) 531-3296
John Demming
(215) 429-4744
Comcast Spectacor
Emily Malmstrom
(704) 578-0907
Source: Comcast Corporation