$2.5 billion to redevelop a stadium

Philadelphia is transforming the 76ers/Flyers arena to a mixed-use development featuring sports, retail, restaurants, and a hotel for a cost of $2.5 billion. This is in lieu of a proposed new arena in Chinatown with a cost of $1.3 billion.

WHHY | Sources: Sixers abandon plan to build new Center City arena, will remain in South Philly