Sixers seek $82M state grant for Camden facility

Posted: June 11, 2014

THE 76ERS seek an $82 million grant over 10 years from the state of New Jersey to help build their state-of-the-art facility in Camden, according to the New Jersey Economic Development Authority's agenda released ahead of today's meeting.

The grant, valued per year at $8,204,050, is part of the Grow New Jersey Assistance Program, according to the agenda. The program provides tax credits to businesses that are creating or retaining jobs in certain areas of the state.

The EDA's meeting is set for 10 a.m. today at the Waterfront Technology Center in Camden. Agendas are posted on the EDA's website 48 hours before the meeting, which is how the Sixers' applied-for grant figure became available to the public.

The Sixers, who have rented space at the Philadelphia College of Osteopathic Medicine since 1999, on Friday acknowledged the plans to move to Camden, with CEO Scott O'Neil saying in a statement that the team had "officially filed an application for a site along the New Jersey waterfront in Camden. We understand the New Jersey Economic Development Authority will be voting on an incentive for a possible facility on the waterfront at their upcoming meeting."

The facility, estimated for a 2016 completion, will span more than 100,000 square feet and feature "state-of-the-art everything," an NBA source told the Daily News' Bob Cooney last week. The site will be between Camden's Adventure Aquarium and the Susquehanna Bank Center.

A Sixers spokesman said the team would comment today on the matter.

- Jake Kaplan

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