The Wachovia Center, formerly known as the CoreStates Center and the First Union Center, is an indoor arena located in Philadelphia, Pennsylvania, in the United States. It is the home arena of the Philadelphia Flyers of the NHL and the Philadelphia 76ers of the NBA. The arena was completed in 1996 on what was once the site of John F. Kennedy Stadium at a cost of $206 million, largely privately financed (though the city and state helped to pay for the local infrastructure). The building lies at the southwest corner of the South Philadelphia sports complex, which includes Lincoln Financial Field, Citizens Bank Park, and the arena's predecessor, the Wachovia Spectrum.