Comcast-Spectacor, owner and operator of the Wachovia Center, is changing the name of the 21,000-seat home of the Philadelphia Flyers and 76ers, to the Wells Fargo Center, effective immediately, to reflect the name change in the financial institution, it was announced today by Comcast-Spectacor President Peter Luukko.

“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,” said Luukko. “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 which it has become.”

Workers will begin removing the Wachovia Center sign from the arena on Tuesday, July 27. The transition from Wachovia Center to Wells Fargo Center, which includes replacing all signs, is expected to be completed by Tuesday, September 14, when Lady Gaga performs the first of two sold out shows at the Wells Fargo Center.

The Wells Fargo Center will host the NCAA Wrestling Championships in March of 2011, as well as the 2013 NCAA Men’s First and Second Round Basketball Games, and the 2014 NCAA Frozen Four.

Since its opening on August 31, l996, the Wells Fargo Center has put Philadelphia on the map by hosting major national attractions such as the 1996 World Cup of Hockey, the 1997 and 2010 NHL Stanley Cup Finals, the 1998 U.S. Figure Skating Championships, the 1999 American Hockey League All-Star Weekend, the 2000 Women’s NCAA Final Four, the 2000 Republican National Convention, the 2001 NCAA Men’s East Regional, 2001 NBA Finals, the 2001 and 2002 X-Games, the 2002 NBA All-Star Weekend, the 2005 AHL Calder Cup Finals, the 2006 and 2009 NCAA Men’s First and Second Round Basketball Games.