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.

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,

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.

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.

It is a head-spin development from the fight the 76ers have lodged over the last two years when it sought to build a new arena in Chinatown and close to the city’s center, and as it went to battle with Comcast,

A new arena for the Sixers and Flyers is coming to South Philadelphia in a 50/50 partnership with Comcast Spectacor and Harris Blitzer Sports & Entertainment.

The Philadelphia 76ers appear to not be moving out of the South Philadelphia sports district, after all. After pushing for years to have an NBA-only arena in Center City, the Sixers have reportedly agreed to a deal with Comcast Spectator to stay in South Philly.