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.
76ers arena near Philadelphia's Chinatown could cost over $1 billion in lost tax revenue: study yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.