New Jersey Offers Tax Incentives for 76ers Move
New Jersey Offers Tax Incentives for 76ers Move
New Jersey Offers Tax Incentives for 76ers Move
News summary

New Jersey is actively courting the Philadelphia 76ers to relocate to Camden, proposing up to $400 million in tax credits and outlining plans for a mixed-use development that includes a new arena. As negotiations continue with Philadelphia over a $1.3 billion arena project near Chinatown, the Sixers have acknowledged New Jersey's offer as 'thoughtful and compelling.' The team's lease at the Wells Fargo Center expires in 2031, prompting urgency in finding a new home. Local concerns in Philadelphia include potential negative impacts on small businesses and traffic due to the proposed arena project. Governor Josh Shapiro emphasized his desire for the team to remain in Philadelphia, while New Jersey officials express strong interest in the move. The Sixers currently maintain a training facility in Camden, which adds to the complexity of the situation.

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