The ownership groups of the Philadelphia 76ers and Flyers announced plans to build a new arena in South Philadelphia that would open in 2031.

It is a head-spin development from the fight the 76ers have lodged over the last two years when it sought to build a new arena in Chinatown and close to the city’s center, and as it went to battle with Comcast,

On Monday morning, it was revealed that the NHLs Philadelphia Flyers and NBAs Philadelphia 76ers are building a new home. As part of the announcement, it was revealed that the Harris Blitzer Sports & Entertainment (HBSE) group—owners of the New Jersey Devils and 76ers—are helping fund the future “world-class” arena.

The Philadelphia Flyers will have a new home. As revealed earlier Monday by Daily Faceoff’s Frank Seravalli, Comcast Spectacor, owner of the Flyers, has announced plans to develop a new arena in the South Philadelphia Sports Complex that is expected to open in 2031.

The Wells Fargo Center will soon be a thing of the past. That might sound unbelievable for fans in Philadelphia who have called the Wells Fargo Center the home of the Philadelphia Flyers since 1996 when it was known by its original name,