What you should knowThe 76ers are going to remain in South Philly after abandoning their plan to build a new arena in Center City. Instead, the Sixers and Comcast Spectacor, which owns the Flyers and Wells Fargo Center,

The Sixers owners say they will 'develop a variety of options' for the East Market Street site where they initially sought to build a venue.

The move is a shocking reversal after the Sixers’ plans for a controversial Center City arena were approved by the city less than a month ago.