Key facts
- David Blitzer, co-owner of Crystal Palace, is involved in a £3bn stadium development project.
- The project includes a new arena for the Philadelphia 76ers basketball team.
- The arena will be a 50-50 partnership between Harris Blitzer Sports & Entertainment and Comcast Spectacor.
- The venue is planned to open in 2030 in South Philadelphia.
- The project is expected to generate hundreds of millions of dollars in tax revenue for Philadelphia.
Crystal Palace co-owner David Blitzer is involved in a significant stadium development project in Philadelphia, with an estimated cost of £3 billion. The project includes a new state-of-the-art arena for the Philadelphia 76ers basketball franchise, which Blitzer's Harris Blitzer Sports & Entertainment (HBSE) will co-own with Comcast Spectacor on a 50-50 basis. The venue is slated to open in 2030 in South Philadelphia, adjacent to existing sports facilities like Lincoln Financial Field and Citizens Bank Park.
Renowned architectural firms Populous and Moody Nolan are handling the design duties. David Adelman, chairman of the joint venture, stated that the arena aims to be one of the most technologically advanced venues in the country, providing a world-class experience while generating substantial tax revenue for the city and its school district.
While Blitzer is known to Crystal Palace fans for his investment in the Premier League club, his global sports portfolio is extensive. He holds stakes in numerous football clubs worldwide and co-founded HBSE with Josh Harris in 2017. This new arena project in Philadelphia represents a major expansion of his sports and entertainment ventures.