Developer David Adelman sees the Sixers’ arena plan as a chance to resurrect the city. He says filling the “doughnut hole,” those decaying and benumbed Center City blocks, is essential to Philly's renaissance.
of them in the city, Adelman — the developer partnering with Sixers managing partners Josh Harris and David Blitzer on the project; a close friend of Fanatics CEO Michael Rubin, who recently sold his minority shares in the franchise — framed the campaign in even starker and graver terms.
“That leads me to the private sector. … I’ve learned that if I want to do something, I’m not going to rely on anyone.”It’s a marvelous narrative and image: the man who makes a difference, who changes everything, through the sheer power of his will and want-to. Adelman, a Penn Valley native, described visiting the Fashion District in 2020 with city power broker Ronald Rubin, who years earlier had purchased and developed the Gallery.
Already, though, there has been hedging, moving of the goalposts. The Sixers have acknowledged that they would inherit a 20-year property tax break on the land upon which they would build the arena and that the site would spill over into theMore, repurposing the mall into an arena and a new shopping/entertainment district would necessitate pouring public funds into an expansion and refurbishing of SEPTA’s subway and regional-rail lines and stations.
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