Philadelphia Chinatown community leaders and critics are speaking out against the 76ers’ recent announcement that it will cover a series of impact studies in the neighborhood for its planned $1.3 billion arena. Key details: The developers of the planned Sixers arena will reportedly raise funds and put the money into a pot that Philadelphia Industrial Development Corporation (PIDC), the city’s public-private economic development agency, can later use to hire consultants to conduct a series of impact studies related to the arena. The first two studies will reportedly have a total cost of $655,000 ($530,625 for the community-impact assessment and $125,000 for the economic analysis), while the cost of the third one is still undetermined, according to The Philadelphia Inquirer.
The 76ers are paying for the city's impact studies on the team's proposed Center City arena. Consultants for two of the three studies have been selected by the Philadelphia Industrial Development Corp. But some of the team's critics in Chinatown, who oppose the project, say the city should foot the bill to ensure the studies are independent.
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