The Philadelphia 76ers are staying in South Philadelphia in the latest -- and likely final -- twist in their quest to build a new arena. The Josh Harris-owned 76ers and the NHL's Flyers (owned by Comcast Spectacor) made an announcement Monday morning that the two teams will continue sharing a home in the South Philly Stadium Complex and will build a new arena slated to open by 2031 in a "50-50 joint venture.

Mayor Cherelle Parker said she supports plans to keep the Sixers basketball team in South Philadelphia, instead of building a new arena in Center City.

It is a head-spin development from the fight the 76ers have lodged over the last two years when it sought to build a new arena in Chinatown and close to the city’s center, and as it went to battle with Comcast,

The Philadelphia 76ers have reportedly scrapped a controversial plan to build a new arena in Center City, according to reports from the Associated

Plans to build an arena for the Sixers in Center City have fallen through, and the team plans to stay in South Philadelphia, sources close to the negotiations say.

On Sunday, it was reported that the Philadelphia 76ers would no longer be moving forward with the downtown arena plan. Despite getting approval to begin working

The team will stay in South Philadelphia, despite recently scoring City Council approval that paved the way for a Center City development.

A sudden reversal in plans to move the 76ers' arena to near Philadelphia’s Chinatown has left activists breathing a little easier while still feeling some distrust.