“HBSE and Comcast will also immediately focus on Market East, bringing together government officials and local stakeholders to develop a variety of options to revitalize a vital neighborhood in Center City where the 76ers had originally proposed locating the arena,” the release read.

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.

The team's deal with Comcast Spectacor in South Philly includes investments on East Market Street, but few details are known.

The Oklahoma City Thunder head to Wells Fargo Center to face the Philadelphia 76ers in a non-conference matchup. The Thunder are 32-6, which puts them at the top of the Western Conference, with the second best record in all of the NBA. The Sixers are 15-22, which puts them in 11th place in the Eastern Conference.

The Philadelphia 76ers will partner with Comcast Spectacor to build a new arena in South Philadelphia and abandon a deal to move downtown

In a shocking decision, sources say the Sixers have decided to abandon plans to build a new Sixers arena in Center City, opting to stay in South Philadelphia.