The Wachovia Spectrum, the former home to the Philadelphia 76ers and Flyers, will close and be demolished. Arena owner Comcast-Spectacor has plans to replace it with a complex of retail space, bars, restaurants and a hotel. The 42-year-old arena, slated to shut down next spring, had been used for Philadelphia Flyers and 76ers games until the adjacent Wachovia Center was built and opened in l996.

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