Plans to build a new arena for the Philadelphia 76ers in Center City have fallen through, and the team now plans to stay in South Philly, according to sources close to the negotiations.The reversal comes less than a month after 11 bills related to the construction of the proposed arena,

Monday, the Sixers revealed more about the agreement, which includes a 50-50 joint venture to build a new, "world-class, state-of-the-art arena in the South Philadelphia Spots Complex that will be the new home of the Philadelphia 76ers and Philadelphia Flyers," in a press release.