The proposed 76ers arena in the city has sparked debates over its potential impact on the community, especially in Chinatown. A recent community impact study revealed that the project might displace low-income residents and negatively affect small businesses in the area.
According to the report, only about 1 in 5 small businesses in Chinatown would benefit from the arena’s construction, while more than half would see a negative economic impact.
The study highlighted concerns about potential indirect displacement of residents and small businesses in Chinatown due to gentrification and loss of cultural identity if the arena was to be built. This report was one of several commissioned by the city to analyze the effects of the proposed arena.
Despite differing opinions on the project, both sides are gearing up for further discussions on the comprehensive findings of the study. The report also outlined key vulnerabilities in Chinatown, emphasizing the impact on businesses catering to residents with limited English proficiency.
The study conducted a detailed analysis of how various businesses in Chinatown would be affected by the arena project based on factors like crossover appeal, business hours, and customer dependency on cars. The results showed that certain types of businesses would benefit, while others would suffer.
It also raised concerns about potential displacement risks for low-income immigrant residents in a majority-renter neighborhood like Chinatown. The study authors recommended prioritizing affordable housing in the area regardless of the arena’s fate.
Senior Staff Writer Michael Tanenbaum contributed to this report.
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