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.

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.

The Philadelphia 76ers have decided not to build a $1.3 billion downtown arena, a surprising move that comes just weeks after the team received approval for the controversial project from the city council.

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 Sixers owners say they will 'develop a variety of options' for the East Market Street site where they initially sought to build a venue.

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

The Philadelphia 76ers have abandoned the plans to build a new stadium on Market Street, near Chinatown, and instead have negotiated with Comcast Spectacor to build a new arena in South Philadelphia.

Philadelphia 76ers fans said they were surprised but happy to hear that a deal for the team to build a new arena in Center City near Chinatown has fallen through.

The Philadelphia 76ers appear to not be moving out of the South Philadelphia sports district, after all. After pushing for years to have an NBA-only arena in Center City, the Sixers have reportedly agreed to a deal with Comcast Spectator to stay in South Philly.

The Philadelphia city council voted on Dec. 19 to approve the downtown arena after more than two years of heated debate over the 76 Place proposal.