Report: Flyers To Announce Plans for New Arena

The Philadelphia Flyers are reportedly ready to announce plans for a new arena and continue operating with the NBA's 76ers.

Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens. Mandatory Credit: Eric Hartline-Imagn Images / Eric Hartline-Imagn Images

The Philadelphia Flyers have called the Wells Fargo Center their home rink since it opened as the CoreStates Center in 1996. In their nearly 60-year history, the Flyers have only ever played in two arenas; the Spectrum and the Wells Fargo Center.

According to Daily Faceoff’s Frank Seravalli, the Flyers are ready to announce plans for a new arena in South Philadelphia and will continue to share the space with the NBA’s Philadelphia 76ers.

On the heels of $400+ mil renovation of Wells Fargo Center completed last summer, #Flyers are set to announce plans today for a new arena in South Philadelphia in joint partnership with @sixers.

Dramatic reversal of 76ers move to Center City.

Big win for #Flyers' future.

— Frank Seravalli (@frank_seravalli) January 13, 2025

This comes after a multi-year push from the 76ers to open their own stadium in Center City. Reports have indicated that the 76ers have abandoned that plan and will remain tenants with the Flyers in the Stadium District.

The Wells Fargo Center recently underwent renovations that cost over $400 million to complete. Seravalli notes that both the recent renovations and the upcoming arena plans will be completely privately funded, with no taxpayer money included.

The Flyers and 76ers have shared an arena ever since the birth of the Flyers in 1967 and that doesn’t appear to be changing any time soon.

No official announcement has come from the teams or the City of Philadelphia, but with the 76ers pulling out of their arena plan, it seems clear something new is coming to South Philadelphia.

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