The Wells Fargo Center is the home arena of the Philadelphia Flyers of the National Hockey League, the Philadelphia 76ers of the National Basketball Association, the Philadelphia Wings of the National Lacrosse League, and the Philadelphia Soul of the Arena Football League. The Center was finished in 1996 to replace the Spectrum as the home arena of the Flyers, 76ers, and Wings. It was built on the former site of John F. Kennedy Stadium (originally Philadelphia Municipal Stadium). The cost of it was $210 million, and it was mostly privately financed (though the city and state helped to pay for the local infrastructure). It is owned by Comcast Spectacor, which also owns the Flyers. Global Spectrum operates the arena. Comcast Spectacor also owns Global Spectrum. 