THE SIXERS WANT TO BUILD A NEW $1.3 BILLION ARENA IN CENTER CITY

The managing partners of the 76ers are teaming up with Philadelphia apartment developer David J. Adelman and others in a proposal to build a new NBA arena at 10th and Market Streets, which they say will create investment and employment opportunities in a city that needs them.

The Sixers’ Josh Harris and David Blitzer want to demolish a block of the Fashion District Philadelphia (the former Gallery) shopping center and, like other National Basketball Association teams, build atop a key public-transit hub. The block is home to SEPTA’s Jefferson Station and a Market-Frankford subway stop, as well as a short walk from the PATCO trains to South Jersey. It connects to parking garages a short drive from I-95, the Vine Street Expressway, and the Ben Franklin Bridge.

“We are going to have our own Madison Square Garden,” but newer, with a “world-class team in a new shiny arena,” Adelman told The Inquirer before Thursday’s planned announcement.

The group already has brought in stadium designer Gensler of San Francisco, stadium builder AECOM Hunt of Dallas, Langan Engineering of North Jersey, and Philadelphia developer Mosaic.

Hughes said he expects the developers to agree to hire at least 40% of workers from underrepresented communities. Mosaic cofounder Greg Reaves said that he and his colleagues at the firm are “skilled in bringing in some of the most diverse professionals, architects, civil engineers, structural engineers, geotechnical engineers” and that the Sixers have made clear they want to bring in similarly diverse union contractors as a “model” for other projects.

Mosaic received a $10 million investment from Harris last winter.

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