Aaron Moselle

Both sticking points boil down to funding. And it’s unclear if the Sixers are willing to spend more to make the Center City arena a reality.

For more than four hours, lawmakers questioned Parker administration officials about the agreement reached with the team, transportation to the arena and community benefits.

A collision of market forces and higher subsidies is creating new opportunities for residents with very low incomes.

Lawmakers will hear testimony from the mayor’s administration, the Sixers, community stakeholders and the general public.

The curvy building has stood at 7th and Race streets for decades. Its days may now be numbered.

Neighbors have long bemoaned the building as an eyesore and have repeatedly called on the city to restore the historic property before it’s too late.

Council has yet to vote on the legislative package introduced last week that would authorize the Sixers to build the controversial development.

While the Land Bank has disposed of hundreds of public parcels, its processes are widely considered too complex, opaque and slow.

Councilmember Mark Squilla introduced a package of bills that would authorize the arena. Lawmakers will now spend weeks considering them.

The request comes as City Council prepares to consider the approvals the team needs to build the $1.55 billion facility.

The measure gives the city the ability to sue violators on behalf of tenants.

The project started in 2020 and is expected to wrap up early next year.