The Sixers' new arena would be build on the western third of the Fashion District mall in Center City Philadelphia, just outside of Chinatown.

Cherelle Parker says an agreement has been reached with the Sixers on the proposed Center City arena, one week after hosting a town hall for the controversial project.

Philadelphia Mayor Cherelle Parker released a video on social media, endorsing the Sixers’ $1.55 billion proposal to build a new arena in Center City, citing it as the best financial deal for the city.