The ownership groups of the Philadelphia 76ers and Flyers announced plans to build a new arena in South Philadelphia that would open in 2031.

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.

The Philadelphia 76ers have reportedly scrapped a controversial plan to build a new arena in Center City, according to reports from the Associated

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.

After all the controversy regarding a new arena in Center City, the Philadelphia 76ers are reportedly staying in South Philadelphia. The Sixers have reportedly agreed to a deal with Comcast Spectacor to stay in the South Philadelphia sports district.

The Sixers had gotten approval for a controversial new arena Center City, on the border of Chinatown, but changed plans.

The Philadelphia 76ers have decided not to build a $1.3 billion downtown arena. PHILADELPHIA — The Philadelphia 76ers have decided not to build a $1.3 billion downtown arena, a surprising move that comes just weeks after the team received approval for the controversial project from the city council.

The city had approved a plan for a new arena in a struggling part of downtown. But on Monday, the Sixers said a new venue would be built near their current one instead.

In a shocking decision, sources say the Sixers have decided to abandon plans to build a new Sixers arena in Center City, opting to stay in South Philadelphia.

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,

The Sixers dropped their fifth consecutive game and dipped to 10 games under .500 on Saturday night in Indiana. With a 115-102 loss to the Pacers, the Sixers now sit at 15-25. They’ll reach the season’s halfway point Sunday when they visit the Bucks.

Indiana held Philadelphia without a basket over the final 3:10 as it extended a six-point lead to 13. Forcing 17 turnovers certainly helped the 76ers. Getting outrebounded 50-32 against a team still improving on the glass did not. Pacers: Travel to Paris for two games against San Antonio, the first on Thursday.