76ers Not Moving Across Town After All | Defector
Briefly

"After two years of contention with Chinatown residents and business owners, Philadelphia City Council ultimately approved plans for a new arena, but tensions lingered."
"The final deal exempted the 76ers' ownership from paying property tax over their 30-year lease, instead opting for $5 million annually in payments in lieu of taxes."
Read at Defector
[
|
]