The plan to build a $1.3 billion arena at Market Street in Center City Philadelphia has been abandoned. The new deal, confirmed by union and city officials, involves demolishing the Wells Fargo Center and constructing a new arena in South Philadelphia. This decision is seen as a positive for local building trades, as it promises more jobs. However, Philadelphia City Councilmember Jim Harrity expressed disappointment, feeling “bamboozled” by the sudden change and concerned that the city’s schools will miss out on promised tax revenue from the arena. The initial plan had faced strong opposition from local residents, and though it was approved by City Council in December, the community had pushed for a larger benefits package than the $60 million eventually agreed upon. Details of the new deal have not been fully revealed, but sources suggest a partnership between the Sixers, Flyers, and Comcast Spectacor, with plans for a revitalization project in the Market East neighborhood. A press conference is expected on Monday.