76ers arena near Philadelphia's Chinatown could cost over $1 billion in lost tax revenue: study

A new analysis of the 76ers' proposed arena near Philadelphia’s Chinatown warns that the construction and operation of the arena could lead to over $1 billion in lost tax revenue for the city and state. The analysis: The study, authored by Dr. Arthur Acolin, an economist and University of Washington associate professor in real estate, estimates potential disruptions to existing businesses in the area over a five-year construction period and 30 years of operation.

Related Keywords

Philadelphia , Pennsylvania , United States , China , Philippines , Chinese , America , Americans , Filipino , Bishop Dwayne Royster , Viola Davis , Stephen Mullin , Arthur Acolin , David Adelman , University Of Washington , Google , Linkedin , Wells Fargo Center , Philadelphia Industrial Development Corporation , While The Community Impact Study , Market Streets , Economic Impact Studies , East Market , Community Impact Study , More Asian Americans , Tax Revenue , Chinatown , Real Estate Developer , 6ers Arena , Potential Disruptions , Potential , 76ers ,