The 76ers may have felt close about securing a new area and arena. The Sixers wanted to build a new 18,500-seat arena at Penn's Landing with a huge development plan. However, the 76ers lost their bid to a $2.2B Development at Penn's Landing. It would have been nice along the Delaware River waterfront. But there was some concerns over the plans, because initial operations of the project would have included taxpayer support. That was one of the main reasons why the 76ers lost their bid because the Delaware River Waterfront Corp. has selected Durst Organization, a New York real estate company, to develop Penn’s Landing and an adjacent site with a proposed $2.2 billion, 3.5-million-square-foot mixed-use project, according to NBC 10. The Durst Organization won't need the taxpayer support to financially support the project, either. Meanwhile, the Sixers will focus on a future home to help create more jobs. Hopefully, they won't have to ask for taxpayer dollars for the next site.