Native American Groups Slam Trump’s Call to Restore Redskins Name 
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
FBI Faces Historic Security Challenge Ahead of 2026 FIFA World Cup 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
US to Review Iran World Cup Travel Restrictions Ahead of Egypt Clash 
NBA Returns to China with Alibaba Partnership and Historic Macau Games 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Los Angeles World Cup Security Plans: No ICE Immigration Enforcement at FIFA 2026 Matches, Officials Say 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
The Philadelphia 76ers of the National Basketball Association (NBA) will build a privately-funded arena named 76 Place located on a portion of the Fashion District in Center City.
The sports and entertainment venue project is being led by Philadelphia businessman David Adelman in partnership with the franchise’s owner Harris Blitzer Sports and Entertainment (HBSE).
Adelman, the Campus Apartments CEO, co-founder of FS Investments, and founder of Darco Capital, will serve as chairman of the newly-formed 76 Devcorp development company. He has been tasked with locating, designing and developing a destination for the arena.
The NBA team chose the Fashion District Philadelphia location because it is the most "transit-rich" area of Philadelphia, can be transformed into new commercial space, and offers a chance to contribute to Center City's ongoing revitalization.
It is estimated that the project will cost about US$1.3 billion. According to the 76ers, the arena will promote Philadelphia's long-term economic growth and sustainability by generating $1.9 billion in total economic output during construction and $400 million annually once it opens.
The construction is expected to be finished in time for the NBA season in 2031–2022. The lease for the 76ers' present home, the Wells Fargo Center, expires in 2031.
A multi-year, $250 million renovation of the Wells Fargo Center started in 2018. Since it opened in 1996, the arena has served as the 76ers' home court.
Moving the 76ers north will bring them closer to Philadelphia's city center and, in part, HBSE believes it will encourage greater community integration once the project is up and running. It's less than a six-mile drive from the Wells Fargo Center.
