City, business and sports leaders announced the plan to build a new arena in partnership in South Philadelphia. Check out their remarks. In a move that will likely stun many, the plan to bring a $1.3 billion arena to Market Street in Center City Philadelphia has been abandoned.

The deal comes just weeks after a grueling legislative battle in which the Sixers convinced City Council to give it the green light to move to Center City.

The Philadelphia 76ers' plan to build a South Philly arena is a major pivot for the team, which spent two and a half years planning a Center City arena.