Target Cuts 1,800 Corporate Jobs in Major Restructuring

The Turner-AECOM Hunt team, builders of the new Cleveland Browns stadium, will construct the $1.5B arena for the 76ers and Flyers in Philadelphia.

The Turner Construction-AECOM Hunt joint venture, fresh from its commission to build the new Cleveland Browns stadium, has been selected to deliver the $1.5 billion arena in Philadelphia that will become the new home for the NBA’s 76ers and NHL’s Flyers. This monumental award for one of the nation’s most high-profile sports construction projects immediately establishes the JV as the dominant force in the premium stadium building sector. The decision triggers a massive mobilization of labor and materials in the Philadelphia region, creating a multi-year economic engine but also placing immense pressure on local construction management resources and supply chains, which must now accommodate this behemoth alongside other ongoing developments.

This back-to-back award of flagship projects represents an unprecedented consolidation of expertise in a hyper-specialized market. While other firms compete for smaller commissions, the Turner-AECOM partnership is delivering a proven track record for executing mega-projects on time and within budget, a critical factor for franchises with rigid seasonal schedules. The JV’s winning formula lies in its mastery of project delivery, combining Turner’s building prowess with AECOM’s design and engineering capabilities to de-risk the entire endeavor. This matters because it demonstrates that in an era of soaring costs, the ability to provide a single point of accountability for a project of this scale is more valuable than submitting the lowest bid.

For construction executives and urban planners, this selection is a definitive market signal. The future of urban development and public-private partnerships will be dominated by these integrated, all-in-one teams that can manage staggering complexity from conception to ribbon-cutting. The forward-looking insight is clear: firms that cannot offer this consolidated, de-risked project delivery model will be sidelined from the most lucrative and prestigious projects. Cities and teams will increasingly favor these turnkey solutions, forcing a wave of strategic alliances and mergers among second-tier firms hoping to compete for the next generation of landmark civic infrastructure.