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

The Philadelphia 76ers are staying in South Philadelphia in the latest -- and likely final -- twist in their quest to build a new arena. The Josh Harris-owned 76ers and the NHL's Flyers (owned by Comcast Spectacor) made an announcement Monday morning that the two teams will continue sharing a home in the South Philly Stadium Complex and will build a new arena slated to open by 2031 in a "50-50 joint venture.

A new arena for the Sixers and Flyers is coming to South Philadelphia in a 50/50 partnership with Comcast Spectacor and Harris Blitzer Sports & Entertainment.

The Philadelphia 76ers have reportedly scrapped a controversial plan to build a new arena in Center City, according to reports from the Associated

The Sixers had gotten approval for a controversial new arena Center City, on the border of Chinatown, but changed plans.

Comcast Spectacor and the Philadelphia 76ers announced a 50/50 partnership to build a new arena at the South Philadelphia Sports Complex.

The city had approved a plan for a new arena in a struggling part of downtown. But on Monday, the Sixers said a new venue would be built near their current one instead.

On Sunday, it was reported that the Philadelphia 76ers would no longer be moving forward with the downtown arena plan. Despite getting approval to begin working

The team will stay in South Philadelphia, despite recently scoring City Council approval that paved the way for a Center City development.

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,