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Originally Posted by iheartphilly
I hope the Sixers don't play across the river. I'm with you to keep it all in the South Philly sports complex.
The article did say that the facility was getting long on the tooth and needed the upgrade. The arena was opened in 1996, so it's over 20 years old.
It went into some details of where the money will be spent, but to me, it didn't seem like that would be $250 million. You can buy a lot with $250 million, and since Comcast Spectacor didn't want to tear the existing building down to build a new one, I hope they get a lot for that money. Maybe Philly.com will follow up with the article and provide rendering once they become available of all the new upgrades.
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It's hard to believe that after only 22 years, a quarter billion dollars' worth of renovations is necessary. But then it was about that period of time, give or take a few years, when they started to think about replacing the Spectrum.
There is a site in Japan I believe in which they build a temple, use it for 20 years or so, then build its replacement directly across the street, use that for 20 years or so, tear the first one down and build a new one, etc., on approximately a 20 year cycle. Since the Spectrum site is still open, they should consider doing the same, building a new arena, but keep the old one around for a few years as they did with the Spectrum, put concerts, a minor league hockey team, lacrosse, etc in there while using the new arena for the major league teams and major events.
They said they considered a complete rebuild and that it would cost 3x as much as this renovation, but they could get a lot of that money back by keeping the current arena active and have 2 arenas, as they did for a while with the Spectrum. They should never have torn that down, unless building and rebuilding on the 20 year cycle.