Comcast-Spectacor, owner and operator of the Wachovia Center, is changing the name of the 21,000-seat home of the Flyers and 76ers, to the Wells Fargo Center, effective immediately, to reflect the name change in the financial institutions, it was announced Tuesday 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. The Wells Fargo Center signs are expected to be in place by Sept. 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.