Philadelphia Mayor Cherelle Parker released a video on social media, endorsing the Sixers’ $1.55 billion proposal to build a new arena in Center City, citing it as the best financial deal for the city.

The announcement from Philadelphia Mayor Cherelle Parker comes just over a week after hundreds of people gathered at a town hall meeting to either voice their concerns or show their support of the proposed new Sixers Arena.

The Philadelphia 76ers have a new teammate in their bid to build a new $1.3 billion arena downtown. Mayor Cherelle Parker announced on Wednesday a deal with team owners to keep the NBA franchise in town.