Posted: Tuesday, July 27, 2010, 8:39 AM | 15 comments |
 

Flyers, Sixers home now Wells Fargo Center
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It's official: The former CoreStates-F.U.-Wachovia Center will be the Wells Fargo Center by the time the Flyers start their fall season, Comcast Spectacor spokesman Ike Richman reports here. Philly's indoor teams will play in an arena named for an old West Coast stage coach, transport and banking company that has no prior history here.

The former CoreStates Bank agreed to pay $40 million for naming rights from 1996-2025. Wells Fargo of San Francisco is CoreStates' successor as the region's dominant bank and has inherited the arena naming-rights contract after purchasing failing Wachovia Corp. of Charlotte, NC (which had absorbed Wachovia) at the end of 2008. Wells Fargo also plans to replace the Wachovia name at thousands of East Coast bank branches.

More from Comcast-Spectacor President Peter Luukko: Name change takes effect "immediately." Comcast-Spectacor "is honoring" the 1996 contract with the former CoreStates "that (the bank's) successor shall keep the naming rights" as the name changes. Adds Richman: "Workers will begin removing the Wachovia Center sign" today. Sign replacement "is expected to be completed by Tuesday, September 14," in time for scheduled shows by the singer Lady Gaga.
Posted by Joseph N. DiStefano @ 8:39 AM  Permalink | 15 comments
15
Comments   
  • 0 like this / 0 don't   •   Posted 8:53 AM, 07/27/2010
    2025?
    — rampage412
  • 0 like this / 0 don't   •   Posted 9:06 AM, 07/27/2010
    At this rate in 2025 the arena will be on its 7th different name.
    — crkreg
  • 0 like this / 0 don't   •   Posted 9:18 AM, 07/27/2010
    best ever was the F-U center aka the FUNC (pronounced 'FUNK') "F-irst UN-ion C-enter). wells fargo sounds corny
    — drumminge6
  • 0 like this / 0 don't   •   Posted 10:00 AM, 07/27/2010
    Wachovia Center sounded weird at first, too. We'll get used to the Wells Fargo Center.
    — FireTMac&Wheeler!
  • 0 like this / 0 don't   •   Posted 10:10 AM, 07/27/2010
    Let's just ignore whatever current bank is on the sign and call it the Spectrum.
    — Iron Giant
  • 0 like this / 0 don't   •   Posted 10:34 AM, 07/27/2010
    You mean The NEW Spectrum, or Spectrum II.
    — BobbyD
  • 0 like this / 0 don't   •   Posted 11:30 AM, 07/27/2010
    WFC!
    — SpeedDemon828
  • 0 like this / 0 don't   •   Posted 11:30 AM, 07/27/2010
    TFBC - Taxpayer-Funded Bailout Center
    — barrywil
  • 0 like this / 0 don't   •   Posted 11:51 AM, 07/27/2010
    mabe one day a champion will play in the home locker room.
    — Bigdaddy221
  • 0 like this / 0 don't   •   Posted 12:04 PM, 07/27/2010
    The Stagecoach.
    — Dave14
  • 0 like this / 0 don't   •   Posted 2:05 PM, 07/27/2010
    "WFC!" - Who F'ing Cares?
    — puckurself
  • 0 like this / 0 don't   •   Posted 9:23 AM, 07/28/2010
    They can put a stagecoach on the roof for all to see!
    — CCBanker
  • 0 like this / 0 don't   •   Posted 12:28 PM, 07/28/2010
    The name is better than "Wachovia" center. Maybe a nickname like "The Well" would stick.
    — Fo Fo Fo
  • 0 like this / 0 don't   •   Posted 4:20 PM, 07/28/2010
    Call it "The Vault"
    — steve081572
  • 0 like this / 0 don't   •   Posted 10:47 PM, 07/28/2010
    Should have combined old name with the new name and called it the WELL-FACOVIA CENTER! LOL
    — Omega1985


15 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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