What you should knowPhiladelphia Mayor Cherelle L. Parker will hold a news conference today to release details about the deal for the Sixers' new arena in Center City.Last week, Parker backed the Sixers' $1.

After years of back and forth, Philadelphia Mayor Cherelle Parker and city officials provided, what she called, a 'very detailed' update to the plan to bring an arena for the Philadelphia 76ers to Center City.

As part of the deal, which still requires approval, the Philadelphia 76ers have earmarked $50 million in community benefits. Here's how and when those funds will be distributed.