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Wachovia Center Articles

COMCAST SEEKS DEVELOPMENT AROUND FIRST UNION CENTER
November 16, 2000
Copyright 2000 MediaVentures

Comcast plans to join the growing list of arena developers who plan commercial growth around their buildings. The company wants to add retail stores, restaurants and offices around its First Union Center and Spectrum in Philadelphia. The neighborhood is also expected to be the new home of stadiums for the NFL Eagles and MLB Phillies.

Comcast has development rights to land used as parking lots around the arenas. The company also gets all parking revenue from those lots, including nearly all the revenue from the nearby Veterans Stadium parking.

Designs are still being drawn, but the company tentatively plans to add two ice rinks to its other plans. Some of the office space would also go to Comcast and Global Spectrum, its venue management division. Total office space would be between 50,000 to 100,000 square feet.

October 26, 2000
Copyright 2000 MediaVentures

Philadelphia's First Union Center has opened a new private club. Access is provided to those with court side tickets to 76ers games and to others by invitation. The 5,000-square-foot club is also available for private events. The Club features high-speed Internet access, flat panel monitors and other state-of-the-art technological features.

December 1, 1997
By Lauren Jaeger, Amusement Business

CoreStates Complex, Philadelphia, home of the NHL's Flyers and NBA's 76ers, will be renamed in a few months as a result of a bank takeover last week.

First Union Corp. agreed to acquire CoreStates Financial Corp. for $16.3 billion. When the closing takes place in April, 1998, the bank will rename the Philadelphia-based center.

CoreStates, in the third year of a 29-year, $40 million, naming rights agreement, had paid $6 million for the privilege.

"Our agreement has successor rights," said CoreStates director Peter Luukko. His staff, he said, is counting all of the places where CoreStates is printed, from signage on the basketball court and under the ice down to the napkins and the press folders. He estimates the cost of reprinting the name alone will amount to at least $1 million.

First Union will replace the CoreStates in CoreStates Center and CoreStates Spectrum and the mailing address of 1 CoreStates Complex. The center is owned by Comcast Spectacor.

First Union spokeswoman Mary Eshet would only confirm, "First Union will continue the long-term contract with the complex."

On September 9, 1994, CoreStates Financial Corp. and Spectacor, predecessor to Comcast-Spectacor, announced a 29-year marketing partnership by which the two arenas would be named the CoreStates Complex. On September 1, 1998 CoreStates Financial Corp. merged with First Union thereby changing the names of the complex and the arenas to First Union.

Julius Erving

Born: February 22, 1950
College: Massachusetts
Signed by: Virginia Squires (ABA), 1971
Height: 6' 61/2"
Weight: 200 lbs.

Julius Erving, the great and wondrous "Dr. J," was the dominant player of his era, an innovator who changed the way the game was played. He was a wizard with the ball, performing feats never before seen: midair spins and whirls punctuated by powerful slam dunks. Erving was one of the first players to make extemporaneous individual expression an integral part of the game, setting the style of play that would prevail in the decades to follow.

A gracious, dignified, and disciplined man, Erving was an ideal ambassador for the game. He was the epitome of class, and no player was more respected. "As a basketball player, Julius was the first to truly take the torch and become the spokesman for the NBA," said friend and former coach Billy Cunningham. "He understood what his role was and how important it was for him to conduct himself as a representative of the league. Julius was the first player I ever remember who transcended sports and was known by one name, Doctor."

Erving began his professional career in the American Basketball Association with the Virginia Squires and the New York Nets. Widely regarded as the greatest player of his time, he is often considered to have been the main catalyst for the ABA-NBA merger in 1976. A 6-foot-7, 210-pound small forward, he also played for 11 years with the Philadelphia 76ers, leading them to the NBA crown in 1983.

In his five ABA seasons Erving won three scoring titles, three Most Valuable Player Awards, and two league championships. During his 11-year NBA career Erving was an All-Star each season, the league's Most Valuable Player in 1981, and a five-time member of the All-NBA First Team. He scored 30,026 points in his combined ABA and NBA career; only Kareem Abdul-Jabbar and Wilt Chamberlain have scored more points in the history of professional basketball.

Julius Winfield Erving II was born on February 22, 1950, in Roosevelt, New York. He starred for Roosevelt High School, earning a reputation as a fundamentally sound but not spectacular player. Although the origins of his nickname remain unclear, the most common story has the moniker coming from a high school friend, who dubbed Erving "Doctor" because Erving called him "Professor." The name stuck, and it even came to define the way Erving "operated" on a basketball court.

He enrolled at the University of Massachusetts in 1968, and although he averaged 26.3 points and 20.2 rebounds over two varsity seasons, he was still fairly obscure when he left the school in 1971 to sign as an undergraduate free agent with the ABA's Virginia Squires.

Professional basketball was extremely volatile in 1971-72, the year Erving launched his brilliant career. The ABA and NBA were already talking about a merger, players were jumping from league to league, and franchises were in flux.

Virginia already had ABA scoring champ Charlie Scott, but Erving began to contribute immediately. He later said he realized he was in his element during his first game as a rookie. On a drive to the hole, he was challenged by the Kentucky Colonels' 7-foot-2 Artis Gilmore and 6-foot-9 Dan Issel. "I went in between both of them and just hung there and waited for them to come down. Then I dunked on them so hard I fell on my back," recalled Erving in the Boston Globe. "Just doing that made me confident to go after anyone, anytime, anywhere, without any fear."

He scored 27.3 points per game as a rookie, was selected to the All-ABA Second Team, made the ABA All-Rookie Team, and finished second to Gilmore for the ABA Rookie of the Year Award.

Virginia finished 45-39 and in second place in the Eastern Division behind the powerful Colonels, who dominated the league at 68-16. In the playoffs Erving scored 33.3 points per game as the Squires beat the Floridians in four straight and then fell to the New York Nets and Rick Barry in the Eastern Division Finals.

When Erving's college class graduation rolled around that year, he was selected by the Milwaukee Bucks in the first round (12th pick overall) of the 1972 NBA Draft. However, during this time players were playing musical teams, and Erving was no exception. He attempted to jump to the Atlanta Hawks before the 1972-73 season began, but a court order forced his return to Virginia four games into the ABA campaign.

He went on to lead the ABA in scoring that year, pouring in a career-best 31.9 points per game. Word began to spread of his exciting, innovative style of play, and he received the first of four consecutive All-ABA First Team selections, joining Billy Cunningham, Artis Gilmore, James Jones, and Warren Jabali.

Erving began to realize, along with everybody else, that he was something special. "That really didn't become something that I accepted 'til I was a professional," he told the Sacramento Bee. "I didn't think it was possible that I might be the most talented player in the world. But after I became a pro, after my second year in Virginia, I thought that there was a possibility that I could offer something unique."

Erving was gaining recognition in the ABA, but he was still hampered by the fact that the Squires were a low-profile team in a small market. Then, prior to the 1973-74 season, the Squires traded Erving and Willie Sojourner to the New York Nets for George Carter, the draft rights to Kermit Washington, and cash.

Warmed by the media attention he received in New York, Erving led the Nets to a 55-29 regular-season record and the 1974 ABA Championship. The Nets' roster also included talented youngsters Larry Kenon and Billy Paultz, and once the players got used to each other on the court, the team was unstoppable. After claiming the Eastern Division by two games, New York beat Virginia in five playoff contests and then wiped out Kentucky in four straight to reach the ABA Finals. Utah was the opponent, and the Nets dropped the Stars, four games to one, for the crown.

Erving repeated as league scoring champ with an average of 27.4 points per game. His all-around game began to emerge as well: he ranked sixth in the league in assists and third in both steals and blocked shots. As a reward, he picked up the first of three consecutive ABA Most Valuable Player Awards.

The ABA had plenty of good players, but Erving stood out as the essence of the league. He dominated the game from the small forward spot. But more than that, he took some of the things Connie Hawkins had done in flashes, such as swoop dunks, and made them an every-night occurrence. He was always doing something new: inventing, soloing, extemporizing. He was the first to combine extended hangtime with delicate grace and pure power. Erving was the ABA's top superstar, and his success in New York cemented his reputation as the most thrilling player in either league.

By 1975-76 a handful of ABA teams had folded or were struggling to meet payroll demands, and the league was consolidated into one division for its final, tumultuous season. Nevertheless, the ABA went out with flair. At midseason, the folks who had introduced the red, white, and blue ball and the three-point shot unveiled the first All-Star Game Slam-Dunk Championship. Erving outjammed George Gervin, Artis Gilmore, Larry Kenon, and David Thompson for the title.

The Nets met the Denver Nuggets in the last ABA Finals, and Erving led New York to its second title in three seasons. In the postseason Erving averaged 34.7 points and was named Most Valuable Player of the playoffs. For the third time in four seasons he claimed the scoring crown, averaging 29.3 points. In what was practically a foregone conclusion, he was honored with his third consecutive MVP trophy. In his five ABA seasons Erving had won two championships, three MVP trophies, and three scoring titles.

The ABA era was over. The NBA had to have Julius Erving, and to get him, they had to take the rest of the league, too. So the Nets, San Antonio Spurs, Denver Nuggets, and Indiana Pacers were absorbed into the NBA for the next season, with the rest of the ABA players dispersed in a draft.

On the eve of the 1976-77 campaign the greatest player in the game was locked in a salary dispute with the Nets. When it couldn't be resolved, New York sold him for $3 million to the Philadelphia 76ers only 24 hours before the start of the season. In Philadelphia, Erving joined George McGinnis, another high-scoring former ABA star, as well as offense-minded guards Lloyd B. Free (later World B. Free) and Doug Collins.

Sizing up the situation, Erving subverted some of his more sensational abilities and offensive instincts in the interest of team success. Because of that, he seemed to fall short of his advance publicity-at least until the 1977 NBA All-Star Game, when he seized the opportunity to display the artistry that had made him the most exciting player in the ABA. He scored 30 points, grabbed 12 boards, made 4 steals, and walked off with the MVP trophy.

For the year, Erving scored 21.6 points per game, leading the Sixers to a 50-32 record and the Atlantic Division title. The playoffs, however, were a struggle. Philadelphia had to go seven games to vanquish the Boston Celtics and six games to dispatch the Houston Rockets. In the NBA Finals against Portland, the Sixers won the first two games before the Trail Blazers, led by Bill Walton, roared back with four straight victories to claim the crown.

Philadelphia's management realized that it needed to build a team of players who could complement Erving, not the other way around. During the next few years General Manager Pat Williams rebuilt the Sixers, acquiring such talent as defensive genius Bobby Jones and floor general Maurice Cheeks. Although Philadelphia spent 1978 and 1979 as a bridesmaid to Wes Unseld and the Washington Bullets in the East, the team was improving. And Erving had elevated his game even further, establishing himself as a permanent fixture on the All-NBA First Team.

By all accounts, Erving was playing at a higher level than the rest of the league. In 1980 he was one of two active players named to the NBA 35th Anniversary All-Time Team. (Kareem Abdul-Jabbar was the other.) For the 1979-80 season Erving averaged 26.9 points, his highest NBA scoring average, and ranked fourth in the league behind Gervin, Free, and Adrian Dantley.

The Sixers also began a concerted four-year assault on the NBA Playoffs. After a 59-23 regular season, Philadelphia waded easily through Washington, Atlanta, and Boston (led by rookie Larry Bird) to take the Eastern Conference crown. In a hotly contested NBA Finals against the Los Angeles Lakers, Erving was spectacular as the teams split the first four games.

In Game 4 Erving made the legendary "Baseline Move" that would go down as one of the most spectacular shots in NBA history. First he drove past defender Mark Landsberger along the right baseline and left his feet on that side of the backboard with a layup in mind. His route to the rim was quickly blocked by 7-foot-2 Kareem Abdul-Jabbar's outstretched arms. Erving brought the ball back down and just continued to float, seemingly forever, passing behind the backboard while appearing to glide slightly to the left in midair. He finally cleared all the way to the other side of the hoop, reached back in toward the court, and put up a soft, underhanded scoop for the score.

"Here I was, trying to win a championship, and my mouth just dropped open," Magic Johnson, then a rookie, recalled. "He actually did that. I thought, 'What should we do? Should we take the ball out or should we ask him to do it again?'"

Johnson had the final say, however. The Lakers won Game 5 to take a one-game lead in the series. In Game 6 at Philadelphia, Johnson filled in at center for the injured Abdul-Jabbar and scored 42 points to lead the Lakers to the title.

The next season, 1980-81, was Erving's greatest individual year. He was named NBA Most Valuable Player after scoring 24.6 points per game while chalking up career highs with 364 assists (4.4 apg) and 173 steals. Philadelphia and Boston rang up identical 62-20 records during the regular season, setting up a showdown in the Eastern Conference Finals. Erving paced the Sixers to a three-games-to-one lead, but Bird's Celtics stormed back for three straight wins and a springboard to the NBA title.

Playoff disappointment only whetted Erving's appetite. He was relentless again in 1981-82, scoring 24.4 points per game and earning another spot on the All-NBA First Team. It was taken for granted that the 76ers would dominate in the regular season. The question was, how far could they advance in the playoffs? In the 1982 Eastern Conference Finals the Sixers again met the Celtics, who had been five games better during the year.

Philadelphia again built a two-game lead to push Boston to the brink of elimination, and again the Celtics roared back to force a seventh game. But this time the Sixers prevailed, winning Game 7, 120-106, to advance to the NBA Finals. The Los Angeles Lakers proved too tough once more, however, winning the series in six games for their second championship in three seasons.

Philadelphia had built a consistent winner around Erving, but the team lacked one important piece to complete the championship puzzle. The Sixers needed a dominant center to combat Kareem Abdul-Jabbar. With that in mind, General Manager Pat Williams traded Caldwell Jones and a first-round draft choice to the Houston Rockets for Moses Malone, who had succeeded Erving as NBA Most Valuable Player in 1981-82. Now the team had an immovable object to complement Dr. J's irresistible force.

The Sixers went 65-17 in the regular season, behind 24.5 points per game from Malone and 21.4 from Erving. Both players were named to the All-NBA First Team at season's end, and Malone repeated as NBA Most Valuable Player. But Philadelphia won with its depth, surrounding the two superstars with Maurice Cheeks, Andrew Toney, and Bobby Jones.

The Sixers ripped through the 1983 NBA Playoffs, winning eight of nine preliminary-round games to meet a familiar foe in the Finals. For the third time in four years, the Sixers and the Lakers squared off for the NBA title. But this meeting lacked the drama of the previous two: Philadelphia overpowered Los Angeles in four straight, giving Erving his first NBA championship ring.

After the championship season Erving was in the golden years of his career. He still played well but relied more on intelligence than on the raw physical skills that had been his trademark. In the 1984 NBA All-Star Game, the kind of exhibition in which he could still showcase his skills, he came up huge and poured in 34 points.

As Erving's career wound down, so did the Sixers, after nearly a decade among the league's elite. Philadelphia was in transition, with younger players such as Charles Barkley arriving on the scene. After Erving announced that he would retire following the 1986-87 season, the campaign turned into the Julius Erving farewell tour. He was honored in every NBA arena, as fans across the country showed their love and admiration for one of the greatest players the game had ever seen.

Erving retired at age 37, having scored more than 30,000 points in his combined ABA and NBA career. Erving scored 22.0 points per game in his 11 NBA seasons with Philadelphia and 28.7 points per game in his 5 ABA seasons with Virginia and New York. In 1993 Erving was elected to the Naismith Memorial Basketball Hall of Fame

Since his retirement, Erving has forged a successful business and broadcasting career. His investments include: ownership of a Coca-Cola bottling plant in Philadelphia, as well as cable television stations in New York and New Jersey. He also has worked as an in-studio analyst for NBC during its coverage of NBA action

Source: NBA Properties, Inc.

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