If completed, the $2.5 billion project would put restaurants, shops, hotels, apartments and a 5,500-seat performance stage in the South Philadelphia Sports Complex.
Phillies say they’re joining with Comcast Spectacor in $2.5 billion transformation of South Philadelphia Sports Complex
Comcast Spectacor is the local sports and entertainment arm of communications giant Comcast, its newly renovated Wells Fargo Center the decades-long home of the Flyers and Sixers. Wells Fargo Center president Phil Laws said the physical structures on the property would be privately funded, not solely by Comcast Spectacor and the Phillies but by development partners who have expertise in creating places like hotels and apartments. The projected financing around parts of the project that involve public facilities, like the nearby SEPTA station and I-95, was still being worked out, he said.
The second phase is more aspirational and would require a larger agreement with multiple parties, including city and state agencies and surrounding neighborhoods.
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