The Wells Fargo Center is owned and managed by Comcast Spectacor, a Pennsylvania-based sports and entertainment company. The facility was originally opened in 1996 as the CoreStates Center before being renamed to the First Union Center, then Wachovia Spectrum, and finally Wells Fargo Center after several ownership changes. Comcast Spectacor owns the arena through its subsidiary Global Spectrum, which manages more than 120 venues across North America.
The facility hosts concerts and sporting events such as basketball games featuring the Philadelphia 76ers. It also serves as home to other teams including Philadelphia Flyers of NHL, Philadelphia Wings of NLL, and Villanova Wildcats men’s basketball team.
The Wells Fargo Center is a world-class sports and entertainment venue located in Philadelphia, Pennsylvania. Owned by Comcast Spectacor, the arena has been home to the National Hockey League’s Philadelphia Flyers since its opening in 1996. It is also home to the Philadelphia 76ers of the National Basketball Association (NBA), as well as concerts and other events such as family shows, conventions, circuses and ice shows.
The venue is host to many major sporting events including NCAA basketball tournaments and UFC fights. In addition to sporting events, it also serves as a concert hall for musical acts like Taylor Swift, Justin Bieber, Rihanna and more! With its stunning architecture, excellent sound system and convenient location near public transportation stations, it’s no wonder why so many people choose this place for their event needs.
Wells Fargo Center Is Transforming For You 2020!
Wells Fargo Center Address
The Wells Fargo Center is located at 3601 South Broad Street, Philadelphia, PA 19148. This multi-purpose arena serves as the home to the NBA’s Philadelphia 76ers and NHL’s Philadelphia Flyers. The venue also hosts a variety of concerts and other events throughout the year.
Who Paid for the Wells Fargo Center?
The Wells Fargo Center in Philadelphia was paid for by a combination of public and private funding. The city of Philadelphia, Pennsylvania contributed $206 million towards the construction costs, while Comcast Spectacor (the holding company that owns the Wells Fargo Center) provided an additional $210 million. In addition to these contributions, other contributing partners included Aramark, who provided food and beverage services; Global Spectrum Facility Management who handled venue management services; and SMG Worldwide Entertainment & Convention Venue Management Solutions who managed bookings.
Furthermore, several banks loaned money to help finance the project including PNC Bank ($56 million), Citicorp North America ($13 million), First Union National Bank ($20 million), Mellon Bank (Pennsylvania) N.A., CoreStates Financial Corp., NationsBank of Delaware N.A., United States Trust Co., Fleet National Bank Rhode Island N.A., Bankers Trust New York Corporation and Meridian Bancorp Incorporated which each loaned smaller amounts totaling $35 million combined. Ultimately this collaboration between public entities as well as private companies made it possible for the new arena to be built in 1996 and since then has become one of Philadelphia’s most beloved sports venues hosting numerous teams from all over Pennsylvania such as the 76ers basketball team, Flyers hockey team, Soul Arena football team plus concerts from some of music’s biggest names like Taylor Swift or Jay-Z!
Who Owns Wells Fargo Arena?
Wells Fargo Arena is owned and operated by the city of Des Moines, Iowa. The arena was built in 2005 and has become a significant part of Des Moines’ entertainment scene. It serves as home to several sports teams, such as the NBA G-League’s Iowa Wolves, the AHL’s Iowa Wild hockey team, and NCAA Division I basketball teams from Drake University and Grand View University.
Wells Fargo Arena also plays host to some of the biggest names in music every year with past performers including Taylor Swift, Garth Brooks, Elton John & Shania Twain. In addition to concerts and sporting events, Wells Fargo Arena also hosts many community events like high school graduations or local festivals throughout the year that make it an integral part of its surrounding areas’ culture. All these activities help create memories for people all around central Iowa who are proud to call Wells Fargo Arena their own!
What Does Comcast Spectacor Own?
Comcast Spectacor is a Philadelphia-based sports and entertainment company that owns and operates several iconic venues, teams, and businesses in the United States. The company is best known for owning professional hockey team the Philadelphia Flyers of the National Hockey League (NHL) since 1967, as well as their home arena; Wells Fargo Center, formerly named the Spectrum. The venue hosts over 200 events each year ranging from concerts to family shows to sporting events.
Additionally Comcast Spectacor owns other minor league teams such as AHL’s Lehigh Valley Phantoms and ECHL’s Reading Royals. They also own global ticketing firm Paciolan which serves more than 500 live entertainment organizations throughout North America with its technology solutions including box office software, mobile ticketing apps, virtual reality seating charts and suite management systems. Moreover they operate various business entities within their portfolio such as: Global Spectrum Facility Management which manages over 120 arenas across North America; Ovations Food Services which provides food service at many of these facilities; Front Row Marketing Services which specializes in corporate sales rights packages for college football programs; New Era Tickets a full-service ticketing provider for clients ranging from small music clubs to large stadiums; Flywires an innovative payments platform that allows customers to make quick convenient international payments securely regardless of currency or language barriers;and Xfinity Live!
An entertainment complex featuring dining restaurants nightlife attractions located just outside Philly’s city center.
How Much is the Wells Fargo Center Worth?
The Wells Fargo Center is one of the most valuable sports and entertainment venues in the United States. In 2018, it was estimated to be worth $1.4 billion, making it the twelfth most valuable arena in all of North America. The venue plays host to more than 200 events a year, from professional sports games such as basketball and hockey to concerts, family shows and other special events.
It also houses an extensive retail area with every imaginable convenience for visitors – from stores selling memorabilia and souvenirs to restaurants offering a variety of dining options. All this combined makes the Wells Fargo Center a highly sought-after destination for fans around the world looking for an unforgettable experience at one of the country’s top arenas.
Conclusion
This blog post has explored the history and ownership of Wells Fargo Center. We have seen that it was originally developed by Ed Snider and his company, Comcast-Spectacor, but is now owned in part by Harris Blitzer Sports & Entertainment. The arena complex serves as a home for the Philadelphia Flyers hockey team, 76ers basketball team, and other events such as concerts and conventions.
It is an iconic venue that continues to bring entertainment to people all over the world. Through its many transformations over the years, Wells Fargo Center remains one of Philadelphia’s most beloved landmarks.
