In a letter to the Sixers ownership, a New Jersey official stated moving the team to Camden could potentially lead to up to $400 million in tax incentives.
In a letter to the Sixers, a New Jersey official stated moving the team to Camden could potentially lead to up to $400 million in tax incentivesNew Jersey is trying to lure the Philadelphia 76ers across the river with up to $400 million in tax credits and plans for a sprawling mixed-use waterfront development.
Gov. Murphy confirmed in July that New Jersey officials were speaking with Sixers leadership about possibly relocating the team to Camden before their lease agreement expires with the Wells Fargo Center in South Philadelphia in 2031. On Tuesday, Camden Mayor Victor G. Carstarphen released a statement supporting New Jersey’s efforts to relocate the Sixers.
“The parcel is owned by the state, shovel ready, and a prime location,” he wrote. “We are talking about taking vacant land which was a former prison site and turning it into a world-class sports and entertainment venue.” “The reality is we are running out of time to reach an agreement that will allow the 76ers to open our new home in time for the 2031-32 NBA season," team spokesperson Molly Mita McEndy wrote in an email. “As a result, we must take all potential options seriously, including this one.”
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New Jersey touts possible $400 million in tax breaks to lure Philadelphia 76ersIn a letter to the Sixers ownership, a New Jersey official stated moving the team to Camden could potentially lead to up to $400 million in tax incentives.
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New Jersey touts possible $400 million in tax breaks to lure Philadelphia 76ersIn a letter to the Sixers ownership, a New Jersey official stated moving the team to Camden could potentially lead to up to $400 million in tax incentives.
Read more »
New Jersey touts possible $400 million in tax breaks to lure Philadelphia 76ersIn a letter to the Sixers ownership, a New Jersey official stated moving the team to Camden could potentially lead to up to $400 million in tax incentives.
Read more »
New Jersey floats $400 million in tax breaks to lure Philadelphia 76ersNew Jersey is trying to lure the Philadelphia 76ers across the river with up to $400 million in tax credits and plans for a sprawling mixed-use waterfront development. In a letter dated Monday, Democratic Gov.
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New Jersey floats $400 million in tax breaks to lure Philadelphia 76ersCAMDEN, N.J. (AP) — Seeking to lure the Philadelphia 76ers across the river, New Jersey is offering up to $400 million in tax credits and outlining plans
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New Jersey floats $400 million in tax breaks to lure Philadelphia 76ersIn a letter dated Monday, Democratic Gov. Phil Murphy's administration said it envisioned a multibillion- dollar plan in the city of Camden featuring residential, commercial and retail properties, with the Sixers as an anchor.
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