First look at the $2.5B makeover plan for the South Philadelphia Sports Complex

developers have grand visions of the South Philadelphia sports complex like we have never seen before Comcast spectacor just unveiled an ambitious plan making room for a separate concert venue a new hotel and more restaurants and Retail the idea is in the early stages but it certainly already has people talking especially since the Sixers have their sight set on leaving the area for their own Arena to be built in Center City like saying well hey look what we can do action news reporter Katherine Scott is live in South Philadelphia with more on this proposed transformation Catherine hey guys yeah have big plans for the sports complex we're standing in Lot G right now uh and that's going to be transformed during phase one as part of this $25 billion planned overhaul take a look at these renderings Comcast spectacor provided to Action News phase one will include a new 5,000 plus seat concert venue for smaller and upand cominging acts more restaurants and Retail spaces would be added in addition to enhancements at XFINITY Live there are also plans for a new hotel so you would have people staying on site the Xfinity Live upgrades are expected to be finished next year or early 2026 and then the goal is to have the rest of phase one finished by 2028 so phase one is happening but there's also a phase two in the works which they're still planning and would need development rights for the idea is to develop a new district with residences retail restaurants and green space and do this within the next decade if all goes to plan keep in mind this announcement comes as a Sixers the largest tenant of the Wells Fargo Center still plans to build its own Arena and move to Center City in 2031 a spokesperson for 76 devco tells action news that Comcast spectacor did not engage the 76ers directly on the development plans and said although this announcement has no bearing whatsoever on our plans to move to Market East when our leas expires in 2031 we believe it's critical to discuss how development proposals such as this may serve as a catalyst for the future growth of Philadelphia so phase one is a go but there are a lot of questions still about Phase 2 what direction it's going to take and what impact will have in the surrounding communities we're live in South Philadelphia Katherine Scott Channel 6 Action News all right thanks Katherine