New Jersey offers a millionaire plan to attract 76ers

The Sixers announced that New Jersey’s offer was considered and strong, although the team is still talking to Philadelphia leaders about a new stadium in the city.

CAMDEN, NJ – In an attempt to attract Philadelphia 76 years old on the other side of the river, New Jersey offers up to $400 million in tax credits and outlines plans for mixed-use development along the coast.

In a letter dated Monday, the administration of Gov.

The proposal from Economic Development Authority CEO Tim Sullivan comes as the team and Philadelphia negotiate a future $1.3 billion stadium the team has announced for the city’s Chinatown area. The team has said that they do not intend to stay in the Wells Fargo Arena in the city’s stadium area beyond 2031, when its lease expires.

Lose Sixwhich already has a training center and headquarters in Camden, describes the offer as New Jersey “respected and strong,” although the team is still talking to Philadelphia leaders about a new stadium in the city.

“The truth is that we are running out of time to reach an agreement that will allow 76 etc open our new headquarters in time for the 2031-32 NBA season,” team spokeswoman Molly Mita McEndy wrote in an email.

A spokesman for the Philadelphia mayor’s office declined to comment on the offer. New Jersey or the state of your own negotiations.

At an unrelated event in suburban Philadelphia on Tuesday, Democratic Gov. Josh Shapiro that the team wanted to stay in Philadelphia and that no tax incentives were requested or offered.

“I love the Sixers,” he said. “They belong in Philadelphia.”

The team’s move to Chinatown comes at a time when some community members fear that street parking could disappear, traffic could increase and festivals could become more difficult to hold.

The offer of New Jersey It comes just months after the state attorney general filed racism charges against a Camden Democratic power broker, as well as the city’s former mayor and others for what he said were their role in organizing and benefiting from tax incentives legislation. He and the others have denied the charges and are fighting them in court.