CAMDEN, N.J. -- Seeking to lure the Philadelphia 76ers across the river, New Jersey is offering up to $400 million in tax credits and outlining plans for a sprawling mixed-use waterfront development.
In a letter dated Monday, Democratic Gov. Phil Murphy's administration said it envisioned a multibillion-dollar plan in the city of Camden featuring residential, commercial and retail properties, with the Sixers as an anchor.
The pitch from Economic Development Authority CEO Tim Sullivan comes as the team and Philadelphia negotiate over a future $1.3 billion arena the team had announced for the city's Chinatown neighborhood.