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Comcast Spectacor opts to pay $250M to upgrade Wells Fargo, instead of building a new center

The CoreStates Center in South Philadelphia opened on Aug. 13, 1996, with a private concert featuring the inimitable Ray Charles.

Multiple name changes, thousands of concerts and pro games, and one Guns ‘N Roses riot later, the arena’s owner, Comcast Spectacor, believes it’s time for a major overhaul of the venue, now known as the Wells Fargo Center.

Arena executives said last week they would put $250 million into the still-evolving plan.

The bulk of the upgrade will come over the next three summers, with about 21,500 seats being replaced so as to not disrupt Flyers and Sixers games.