COMCAST SPECTACOR AND THE CORDISH COMPANIES ANNOUNCE UPGRADES TO XFINITY LIVE! AND COMMUNITY PLAZA IN SOUTH PHILADELPHIA SPORTS COMPLEX
PHILADELPHIA, PA (February 27, 2024) – Comcast Spectacor and The Cordish Companies today announced plans for a dynamic upgrade of the successful Xfinity Live! destination in the Philadelphia Sports Complex. For over a decade, Comcast Spectacor and The Cordish Companies have enjoyed a partnership in building and operating Xfinity Live!, which welcomes millions of visitors a year as a vibrant staple in South Philadelphia.
The upgrades, totaling approximately $12 million, will include enhancing Xfinity Live!’s outdoor plaza for game days, festivals and community events, as well as improvements to the interior and exterior of Xfinity Live! which is celebrating its 12th anniversary this spring. Upgrades to the plaza, which will add several new gathering areas and terraces, is slated to begin this year with an anticipated completion date of 2025 or early 2026. It will be done in phases to allow areas of the facility to always remain open.
“We are excited to announce several major enhancements to continue making Xfinity Live! and South Philadelphia a premier, dynamic destination for fans in Philadelphia to celebrate and experience the best in sports and entertainment,” said Phil Laws, President of Wells Fargo Center. “Cordish has been a great partner, and we look forward to working with them on this project.”
“It is a tremendous honor for The Cordish Companies to grow our partnership with Comcast Spectacor,” said Blake Cordish, Principal of The Cordish Companies. “We are proud to continue investing in South Philadelphia to create a new community plaza experience for Philadelphians to celebrate and enjoy. Comcast Spectacor is the premier operator of venues in Philadelphia and is steadfastly committed to delivering an unparalleled experience for Philadelphia fans.”
Since opening in 2012, Xfinity Live! has been the pre-eminent dining, entertainment, and hospitality anchor for the region, creating a spirited fan experience for Flyers, Eagles, Phillies and 76ers fans, as well as out of town guests. Welcoming millions of visitors a year, Xfinity Live! has energized the Philadelphia Sports Complex via year-round events and experiences including concerts, festivals, family fun days, community functions, charity events, and watch parties.
The partnership is proud to have exceeded MWBE thresholds for minority and local participation during the construction of Xfinity Live!, achieving a 45% contracting diversity percentage, and is committed to the same during the upgrades to the interior, exterior and plaza areas. In addition to Xfinity Live!, The Cordish Companies has invested over $800 million in the Philadelphia Sports Complex with the opening of its Live! Casino & Hotel Philadelphia in 2021, reaching 51% MWBE participation during construction.
“We are excited to announce this reinvestment of Xfinity Live! and to provide a refreshed plaza experience for our guests,” stated Erin Seifert, Director of Operations for Xfinity Live!. “Xfinity Live! has become the living room for the community over the past 12 years and these enhancements will allow us to continue providing first-class hospitality to our millions of guests.” More details on Xfinity Live!’s upgrades will be shared in the coming months.
###
About Comcast Spectacor Comcast Spectacor, a proven, innovative leader in sports and entertainment, is part of the Comcast Corporation, a global media and technology company that operates Comcast Cable, NBCUniversal and Sky. Headquartered in Philadelphia, Comcast Spectacor owns and operates Wells Fargo Center, a world-class sports and entertainment venue, as well as a diverse portfolio of professional sports teams and entertainment entities. These include the National Hockey League’s Philadelphia Flyers, the National Lacrosse League’s Philadelphia Wings, and the Maine Mariners of the ECHL.
About The Cordish Companies The Cordish Companies’ origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Commercial Real Estate; Entertainment Districts; Sports-Anchored Developments; Gaming; Hotels; Residential Properties; Restaurants; International Development; Coworking Spaces; and Private Equity. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. The Cordish Companies has developed and operates highly acclaimed dining, entertainment and hospitality destinations throughout the United States, many falling under The Cordish Companies’ Live! Brand, highly regarded as one of the premier entertainment brands in the country. Welcoming over 55 million visitors per year, these developments are among the highest profile dining, entertainment, gaming, hotel and sports-anchored destinations in the country. Over the generations, The Cordish Companies has remained true to the family’s core values of quality, entrepreneurial spirit, long-term personal relationships and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. For more information visit www.cordish.com or follow us on Twitter.
“The Cordish Companies,” “The Cordish Company” and “Cordish” are trademarks used under license by independent corporations, legal liability companies and partnerships (“Cordish Entities”). Each Cordish Entity is a separate, single-purpose legal entity that is solely responsible for its obligations and liabilities. No common operations or financial interdependency, and no intermingling of assets or liabilities of the Cordish Entities exists, or should be deemed to exist, as a result of the potential common reference to multiple independent entities operating under the names “Cordish,” “The Cordish Companies” or “The Cordish Company” here or elsewhere.
About Xfinity Live! Xfinity Live! is a dining and entertainment district centered in the heart of the South Philadelphia Sports Complex. The one-of-a-kind venue features multiple restaurant and entertainment choices, including: Broad Street Bullies Pub, PBR Philly, 1100 Social, Victory Beer Hall, NBC Sports Arena which includes: Chickie’s and Pete’s, Geno’s Steaks, and Lorenzo and Sons Pizza. Voted Philadelphia’s No. 1 Sports Bar by Philadelphia Magazine, Xfinity Live! is a joint partnership between Philadelphia-based Comcast-Spectacor and Baltimore-based The Cordish Companies. Visit xfinitylive.com for more information.
Media Contacts:
Meghan Flanagan, Comcast Spectacor
meghan_flanagan@comcastspectacor.com
Cari Furman, The Cordish Companies
cfurman@cordish.com
Nora Kenney, Xfinity Live!
nkenney@xfinitylive.com
Alexia Garcia, Identity PR
agarcia@identitypr.com