Friday, October 3, 2008

Make it the Well Fargo Center

Cancel those plans for the Citi Center as a new name for the Wachovia Center.

Enter Wells Fargo.

This morning we are greeted by the news that Wells Fargo will acquite all Wachovia banking operations in an all-stock transaction worth about $15 billion. At the same time Wachovia is ending talks with rival suitor Citigroup.

We’re assuming that means still another name change for the Sixers and Flyers home in South Philly. What started as the CoreStates center, then morphed into the infamous ‘FU Center,’ as in First Union, and then to the Wachovia Center, has still one more change on tap. Earlier this week it appeared the Citigroup moniker would be hoisted up on the side of the building. Now it looks like Wells Fargo is in the driving seat.

Of course, at least for one final year, it also means getting used to the Wells Fargo Spectrum. At least until they tear the old place down next year.

There’s something appropriate about that. Maybe they should implode it. Kind of like our economy.

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