Скачать или смотреть Philadelphia 76ers co-owner explains bid for new stadium

The Philadelphia 76ers have put forward a proposal to repurpose Fashion District Philadelphia, an indoor shopping mall, to build 76 Place at Market East, the new arena and home for the team. The project is expected to cost $1.3 billion and is headed up by the team's ownership. Philadelphia 76ers Co-owner and Darco Capital Founder, David Adelman says the project will generate $1.5 billion in new tax revenue for the city and state over a period of 30 years. David Adelman joins Yahoo Finance to discuss the proposal, the pushback that the proposal has received from different interest from the city, and what the project could provide for the city.
Adelman explains how he has handled the pushback so far: "I think it's important in any large scale development to listen. We've done over 85 community meetings, meetings with small business owners, large business owners, small community groups, non-profits, to get feedback. That feedback has continued to evolve our project...We originally didn't have residential slated as apart of the project but the local community said 'we would like some affordable housing,' we are going to dedicate 20% of the new units as affordable housing units."
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