The Philadelphia 76ers and Comcast Spectacor have reached a deal to allow the team to remain in South Philadelphia after more than two years of posturing,

Plans to build an arena for the Sixers in Center City have fallen through, and the team plans to stay in South Philadelphia, sources close to the negotiations say.

The Philadelphia 76ers have decided not to build a $1.3 billion downtown arena, a surprising move that comes just weeks after the team received approval for the controversial project from the city council.