Aaron Moselle

While the Land Bank has disposed of hundreds of public parcels, its processes are widely considered too complex, opaque and slow.

Council has yet to vote on the legislative package introduced last week that would authorize the Sixers to build the controversial development.

Real estate developer Tayyib Smith doesn’t mince words when talking about the Philadelphia Land Bank and its process for disposing of public parcels.

Neighbors have long bemoaned the building as an eyesore and have repeatedly called on the city to restore the historic property before it’s too late.

The curvy building has stood at 7th and Race streets for decades. Its days may now be numbered.

Lawmakers will hear testimony from the mayor’s administration, the Sixers, community stakeholders and the general public.

Starting Tuesday, Philadelphia City Council will hold a series of public hearings to probe the 76ers’ arena proposal and hear from proponents and opponents of the $1.55 billion development.

A collision of market forces and higher subsidies is creating new opportunities for residents with very low incomes.

For more than four hours, lawmakers questioned Parker administration officials about the agreement reached with the team, transportation to the arena and community benefits.

Both sticking points boil down to funding. And it’s unclear if the Sixers are willing to spend more to make the Center City arena a reality.