“HBSE and Comcast will also immediately focus on Market East, bringing together government officials and local stakeholders to develop a variety of options to revitalize a vital neighborhood in Center City where the 76ers had originally proposed locating the arena,” the release read.

The decision is rooted in a deal struck with Comcast Spectacor, which hopes to transform the South Philly sports complex over the next decade.

The Sixers plan to revitalize Market East by building an arena is no longer happening. So what will happen to the once bustling Market East?