Summary:

- The Philadelphia 76ers are planning to build a new arena in the East Market area of Philadelphia, which will include space for biomedical research labs.
- The arena and research facilities are part of a larger development project that aims to transform the area into a hub for life sciences and innovation.
- The project is expected to bring new jobs and economic opportunities to the city, as well as support the growth of Philadelphia's burgeoning biotech and life sciences sectors.