Since the Flyers and 76ers move to the "FU" Center in 1996, the old place hasn't quite been the same, but former Calder Cup Champion Philadelphia Phantoms and the Philadelphia Kixx (whatever they play?) have made the Spectrum their home for the last few years. As announced in January, that trend won't continue, as Spectrum owner, Comcast-Spectator, will have the building demolished in order to construct a new sports complex in its place.
The sports complex on Broad Street now consists of the Wachovia Center (1996), Lincoln Financial Field (2003), Citizens Bank Ballpark (2004) and the elder statesman, The Spectrum, which opened in 1967. It is unknown what will replace the Spectrum's arena capabilities (or where the teams who use it will go) but its current land will go towards Comcast's "Philly Live" project, consisting of shops, restaurants and a hotel directly where the old barn sits now.
While the loss of such a large part of sports history in Philadelphia is slightly saddening, its nothing new, as the turnaround on Broad Street buildings happens roughly every couple decades (faster if it really sucks...see Veterans Stadium).
So for now, we'll prepare our goodbyes... for the best damn place to see a WWF show.