Wachovia Gone From Philly

The Wachovia Center in Philadelphia has a new name: Wells Fargo Center.

Comcast-Spectacor, owner and operator of the venue, announced the name change July 27. Workers began removing signage July 27 and all new signage was expected to be in place when Lady Gaga performs the first of two sold-out shows beginning Sept. 14.

“As the owner and operator of the arena, Comcast-Spectacor is honoring the contract as it was agreed upon with the bank that the successor shall keep the naming rights of the facility,” Comcast-Spectacor President Peter Luukko said in a statement. “Therefore, we will change the name of the arena to reflect the name change from Wachovia to Wells Fargo and continue to operate the arena as the world-class facility that it has become.”

Wells Fargo acquired the troubled Wachovia last year and the Wachovia name disappeared.

Although it took a year for the name-change to be reflected in Philadelphia, it had immediate repercussions for the Wachovia Arena in Wilkes-Barre, Pa. Venue officials chose not to renew the $100,000-a-year contract with Wells Fargo and inked a new deal with Mohegan Sun, which has a casino in the city.