A proposed $2.5-billion development program aims to transform portions of the South Philadelphia Sports Complex into a more diverse, year-round community anchored by the site’s three major sports venues.
Announced Feb. 27 by Comcast Spectacor, owner and operator of the Wells Fargo Center, the program’s $700-million initial phase calls for construction of a 5,500-seat concert venue, a 250-key hotel and new dining and retail areas, all of which will be located on existing surface parking lots adjacent to the multi-purpose indoor arena. Construction is to begin “in the coming months,” Comcast Spectacor says, and could be completed as early as 2028.