Month: March 2024

The Philadelphia Phillies announced today it has joined Comcast Spectacor on the planned mixed-use development project in the South Philadelphia Sports Complex. The two organizations will collaborate over the next several years to make the destination a world-class, live-work-play sports and entertainment district.

Phase one of the development project will involve lots located between Pattison Avenue and the Wells Fargo Center for which Comcast Spectacor already has development rights. This phase will include a new, mid-sized concert venue, hotel, retail shops and an outdoor plaza, as well as upgrades to Xfinity Live!. Phase one is expected to be completed in 2028.

Phase two will involve additional development around the Wells Fargo Center and will expand north of Pattison Avenue to lots currently controlled by the Phillies from Broad Street to Citizens Bank Park. The concept for this phase envisions another hotel, residential units, more retail, restaurants, office space and significant green space. It also will include a dedicated “Phillies Plaza” adjacent to Citizens Bank Park that will provide gathering spaces and immersive experiences for fans. The two companies will be partnering to seek approvals and the necessary development rights from the City of Philadelphia for phase two and will work closely with the local community as plans progress.

“When I think about what makes Philadelphia unique, it’s our incredible fan base and tight-knit community. This project focuses on expanding that community and bringing in more residents, workers and visitors,” said John Middleton, managing partner and CEO of the Philadelphia Phillies. “With the creation of new spaces and experiences, Philadelphians and visitors will have more opportunities to celebrate the passion and pride we have for our city and our teams.”

“John Middleton and the Phillies share a big and bold dream for what the future could look like for Philadelphia. John’s input and support of the vision has been so valuable from the very early stages, and our partnership with the Phillies will strengthen the ongoing growth and revitalization of the South Philadelphia community,” said Dan Hilferty, chairman and CEO of Comcast Spectacor.

PHILADELPHIA, PA (February 27, 2024) – Comcast Spectacor and The Cordish Companies today announced plans for a dynamic upgrade of the successful Xfinity Live! destination in the Philadelphia Sports Complex. For over a decade, Comcast Spectacor and The Cordish Companies have enjoyed a partnership in building and operating Xfinity Live!, which welcomes millions of visitors a year as a vibrant staple in South Philadelphia.

The upgrades, totaling approximately $12 million, will include enhancing Xfinity Live!’s outdoor plaza for game days, festivals and community events, as well as improvements to the interior and exterior of Xfinity Live! which is celebrating its 12^th anniversary this spring. Upgrades to the plaza, which will add several new gathering areas and terraces, is slated to begin this year with an anticipated completion date of 2025 or early 2026. It will be done in phases to allow areas of the facility to always remain open.

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“We are excited to announce several major enhancements to continue making Xfinity Live! and South Philadelphia a premier, dynamic destination for fans in Philadelphia to celebrate and experience the best in sports and entertainment,” said Phil Laws, President of Wells Fargo Center. “Cordish has been a great partner, and we look forward to working with them on this project.”

“It is a tremendous honor for The Cordish Companies to grow our partnership with Comcast Spectacor,” said Blake Cordish, Principal of The Cordish Companies. “We are proud to continue investing in South Philadelphia to create a new community plaza experience for Philadelphians to celebrate and enjoy. Comcast Spectacor is the premier operator of venues in Philadelphia and is steadfastly committed to delivering an unparalleled experience for Philadelphia fans.”

Since opening in 2012, Xfinity Live! has been the pre-eminent dining, entertainment, and hospitality anchor for the region, creating a spirited fan experience for Flyers, Eagles, Phillies and 76ers fans, as well as out of town guests. Welcoming millions of visitors a year, Xfinity Live! has energized the Philadelphia Sports Complex via year-round events and experiences including concerts, festivals, family fun days, community functions, charity events, and watch parties.

The partnership is proud to have exceeded MWBE thresholds for minority and local participation during the construction of Xfinity Live!, achieving a 45% contracting diversity percentage, and is committed to the same during the upgrades to the interior, exterior and plaza areas. In addition to Xfinity Live!, The Cordish Companies has invested over $800 million in the Philadelphia Sports Complex with the opening of its Live! Casino & Hotel Philadelphia in 2021, reaching 51% MWBE participation during construction.

“We are excited to announce this reinvestment of Xfinity Live! and to provide a refreshed plaza experience for our guests,” stated Erin Seifert, Director of Operations for Xfinity Live!. “Xfinity Live! has become the living room for the community over the past 12 years and these enhancements will allow us to continue providing first-class hospitality to our millions of guests.”

More details on Xfinity Live!’s upgrades will be shared in the coming months.