76 Place: Findings released for 4 impact studies on proposed 76ers arena in Center City Philadelphia [Video]

PHILADELPHIA (WPVI) — The City of Philadelphia released the findings of four impact studies that analyzed the proposed 76ers arena, 76 Place, on Monday night.

The plans calls for 76 Place to be located at Market East bordering Chinatown. The team hopes to open it by 2031.

The four reports include a community impact assessment, an economic impact analysis, a design analysis, plus a traffic, transportation, and parking analysis.

“We are sharing these detailed reports so that the public can better understand the implications of such a multifaceted proposed project for Philadelphia,” Mayor Cherelle Parker wrote in an online statement.

The newly released studies evaluating the proposed 76ers arena on Market Street are several months overdue and nearly 400 pages long.

The impacts on Chinatown and the Market East corridor are a major focus.

The studies revealed that the economy could see more than $1 billion in revenue from the arena. Initial analysis suggests that over time the arena could …