Harris Blitzer Sports & Entertainment and Comcast Spectacor Announce Joint Venture to Build World-Class Arena in South Philadelphia as Well as Revitalize Market East
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Harris Blitzer Sports & Entertainment and Comcast Spectacor have announced a joint venture to build a new arena in South Philadelphia, which will be the future home of the Philadelphia 76ers and Flyers. The arena is expected to open in 2031.
January 13, 2025 | 3:45 pm
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Comcast Spectacor, a division of Comcast, is entering a joint venture with Harris Blitzer Sports & Entertainment to build a new arena in South Philadelphia. This partnership could enhance Comcast's presence in the sports and entertainment sector.
The joint venture to build a new arena represents a significant investment in the sports and entertainment sector for Comcast. This could lead to increased revenue opportunities and strengthen Comcast's brand in the industry, potentially having a positive impact on its stock price.
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IMPORTANCE 70
RELEVANCE 80