The Philadelphia 76ers are looking to build a practice facility in Camden, N.J., and by “build” I mean “have the state of New Jersey build entirely for them with tax credits“:
The cost of the facility is still undetermined, according to the league source, who also didn’t divulge the amount in tax credits the Sixers will receive. However, another source believes it’s a dollar-for-dollar deal – meaning if the team spent $50 million on a facility, it would be entitled to $50 million in tax credits.
The Philadelphia Inquirer says that this would be “a major coup” for Camden, because … the city would be getting to host the Sixers’ practices but the state would be footing the entire bill, I guess? Not that there’s really any economic benefit to hosting Sixers practices unless whoever they trade Michael Carter-Williams for
ends up making a lot of runs to the local supermarket for snacks, but sure, yay on Camden for getting something worthless for free! Though not as much as Sixers owner Josh Harris, who is clearly using his new New Jersey connections
to lucrative effect.