76ers Seek $82M in Tax Breaks for Camden Facility
CAMDEN, N.J. (AP) — The Philadelphia 76ers are seeking $82 million in tax credits over 10 years for building a practice facility in Camden.
The New Jersey Economic Development Authority is scheduled to consider the application at its meeting Tuesday.
The amount requested is listed on the authority’s agenda.
Team CEO Scott O’Neil declined to comment on Monday.
The team has not said how much it expects the facility to cost.
To qualify for tax credits under the Grow New Jersey incentive program, businesses must commit to bringing jobs to distressed areas.
Camden is among the nation’s most impoverished cities.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed).