Venue Detail
Philadelphia 76ers
Revenues From Sports Venues Pro Facilities Report
February, 2011
Philadelphia 76ers
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Broad & Pattison Aves Philadelphia, PA 19147 Phone: 215-339-7600 Fax: 215-339-7632 URL: www.nba.com/sixers
Owner
Comcast Corp./Pat Croce
League
National Basketball Association Eastern Conference, Atlantic
Venue
Wells Fargo Center, 1 Wachovia Complex, Philadelphia, PA 19148-5250 Owner: Spectacor Managed by: Global Spectrum Built: 1996 Capacity: 14,500 Permanent concession stands: 30 Concessionaire: Aramark Suite caterer: Aramark Soft drink: Pepsi Cola Beer: Anheuser-Busch InBev
Building sponsors
Clubs/Restaurants: Yes Parking: Yes
Naming rights
Sold to: CoreStates Financial Corporation Price: $40, 000,000 Term: 31 years Expires: 2023
Ticket prices
Season tickets range from $516 to $4,515 Single tickets range from $15.00 to $119.00
Attendance
2007 average attendance: 15,011 2008 average attendance: 14,870 2009 average attendance: 17,358
Luxury Suites
Quantity: 126 Term: 3 to 10 years Price: $91,000 to $205,000 Seats: 12 to 14 Includes: Tickets to Flyers and 76ers games, 2 parking passes, private club membership. Party suites lease for $2,500 to $5,000 per event.
Club seats
Quantity: 1,500 Term: 3 to 10 years Price: $6,000 to $15,000 Includes: Tickets, access to bar/lounge area.
Financing
The $206 million arena was privately financed, but the entire project, which included more than the arena, received $10 million in state capital funds. Pct. public: 0
The Wells Fargo Center is home to the NBA 76ers as well as the NHL Flyers. Once called the CoreStates Center, the name was changed in 1998 because CoreStates was purchased by another financial company, First Union. The name changed again in 2003 following another acquisition.
The most recent change came in 2010 whn the name changed after Wachovia was acquired by Wells Fargo.
The facility has 1,500 club box seats. One third of the club box seats can be purchased for Flyers games or 76ers games only. Each club box contains 90 to 150 seats and has its own bar/lounge area and rest room. (Basketball, Facilities, Financial, NBA, Professional Sports)