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Philadelphia 76ers explore building privately-funded arena

FILE - The empty court at the Wells Fargo Center is shown March 11, 2020, after an NBA basketball game between the Philadelphia 76ers and the Detroit Pistons, in Philadelphia. The Philadelphia 76ers, who currently play at Wells Fargo Center, are taking the first steps toward building a privately-funded sports and entertainment arena. The team's managing partners on Thursday, July 21, 2022 announced the creation of a new development company to create its future home in the city's Fashion District. (AP Photo/Matt Slocum, File)

FILE - Wells Fargo Center, home of the Philadelphia Flyers NHL hockey team and the Philadelphia 76ers NBA basketball team, is shown March 14, 2020. The Philadelphia 76ers, who currently play at Wells Fargo Center, are taking the first steps toward building a privately-funded sports and entertainment arena. The team's managing partners on Thursday, July 21, 2022, announced the creation of a new development company to create its future home in the city's Fashion District. (AP Photo/Matt Slocum, File)

Philadelphia 76ers explore building privately-funded arena