The Associated Press' Dan Gelston reports the Sixers have filed tax credits to start the process of building a practice facility on Camden's waterfront between Adventure Aquairum and the Susquehanna Bank Center. The team is hoping to break ground on the facility in October and move into the facility in 2016.
The plans for the new facility have it currently as a 100,000-square foot complex, the largest in the NBA, right on the banks of the Delaware River. All of the Sixers operations, both basketball and business, are expected to move to the facility when it opens.
"As part of our due diligence related to a new Training Center, we have officially filed an application for a site along the New Jersey waterfront in Camden," said Sixers CEO Scott O'Neil in a statement on Friday. "We understand the New Jersey Economic Development Authority will be voting on an incentive for a possible facility on the waterfront at their upcoming meeting. We will have more to say on this matter after the EDA vote.”
The Economic Development Authority vote is expected to take place on June 10th.
The 76ers currently practice at Philadelphia College of Osteopathic Medicine while their business operations are located in the Navy Yard, just down the street from the Wells Fargo Center. The move for the Sixers would certainly have a financial benefits as the tax credits they filed for allow them to increase the size of the facility, not to mention no Philadelphia city wage tax.... That's a bonus in itself.
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