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DRWC selects Durst Organization for Penn's Landing redevelopment, passing on 76ers arena

Usa state Delaware county Wells city Fargo, county Wells president organization
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PHILADELPHIA - The Delaware River Waterfront Corporation voted unanimously to select the Durst Organization, a real estate agency, as the lead developer for the redevelopment of Penn's Landing.The Durst Organization proposal was one of four voted on by the board during a hearing on Wednesday morning.Among the other bidder was Harris Blitzer Sports & Entertainment (HBSE), the owners of the Philadelphia 76ers.HBSE's proposal sought to build the team a new arena to play in when their lease at the Wells Fargo Center expires in 2031.

It also reportedly sought to build a school, business, and African American museum at the site.The other two proposals came from Keystone Property Group and Toll Brothers, and Hoffman & Associates.Advertisement“We.

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PHILADELPHIA - The Delaware River Waterfront Corporation will consider a number of propsals for the redevelopment of Penn's Landing Wednesday morning.The most notable of the proposals comes from the owners of the Philadelphia 76ers, who are looking to build an arena at the site to move into when their lease at the Wells Fargo Center expires in 2031.The 76ers plan also reportedly includes building new businesses, schools, and an African American museum.Sources with knowledge of the proposal tell FOX 29 there are no plans for appropriation of city or state taxpayer money to support the project, but some tell us there are concerns about the 76ers making promises.Calling it a “historic opportunity” to jumpstart the city’s economy in the wake of
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