The 80-page agreement contains details about Philadelphia's economic plan, its commitment to Chinatown and more.

The city projects this will generate over $700 million in new tax revenue, along with the creation of over 1,000 jobs.

The Philadelphia 76ers are in the process of creating a new arena that will keep them in the city for the foreseeable future. Mayor Cherelle Parker announced an agreement with the team and the legislative gears will soon begin turning on the construction of 76 Place at Market East.

Parker shared new details about the Sixers' arena project and advocated for a WNBA team in the city on Wednesday. The team's lease at the Wells Fargo Center ends in 2031 and their new home, 76 Place at Market East, makes the most sense as a location for Philly's W squad, though it may not come to fruition in this current round of league expansion.

The diaspora enclave was founded 1871, and has resisted and suffered gentrification and development before Vivian Chang works on a narrow Philadelphia street that would have been consumed by a Phillies stadium had Chinatown activists not rallied to defeat the plan in the early 2000s.

Students and many immigrants would be affected if the work is done, they say. Vivian Chang works on a narrow Philadelphia street that would have been consumed by a Phillies stadium had Chinatown activists not rallied to defeat the plan in the early 2000s.