yeah im talkin b hop

Referring to Bernard Hopkins. Hailing from Philly. 

Talkin Balboa

Referring to Rocky

Fresh prince was sent away from Philly to Bel Air

back in the day doc j rock a 76

The great Julius Erving - 76ers legend! 

Out of order of the song but:

broad street bullies

Philly Flyers NHL team. 

Also for extra points (wishful thinking) it may refer to Philly rap native Beanie Sigel who refers to himself as The Broad Street Bully.

state our independence

The Declaration of Independence was signed in Pennsylvania

right after jaws --- Some of Jaws was filmed at Philly airports, I think? :-/

Jazzier than Jeff is DJ Jazzy Jeff who is from Philly and at one point was part of a hip hop duo with the Fresh Prince aka Will Smith.

coulda grabbed the El --- Elevated train, made famous in Philly? :-?

Man, working this out as a Brit is hard. 

I'm an ignorant Brit, I guess. :-s

Same here I'm a Brit but I do know

liberty bell crack - the Liberty Bell is in Pennsylvania and cracked when first rung

"plus its always sunny here" - TV show "Always Sunny in Philadelphia"

"nothins flyer than a flyers fan" - Philly hockey team

yeah im talkin b hop
more like a balboa

-Rocky Balboa, from the Rocky series.
never been to my city
come on wit me ill show ya
home of the fresh prince

-West Philidelphia, born and raised. Fresh Prince of Bel-air
jazzier than jeff is

-DJ Jazzy Jeff, born in Philadelphia.
back in the day doc j rock a 76

-Julius Winfield Erving II, retired basketball player. Helped popularize the modern style of play.
jersey just across the bridge

-New Jersey, Philidelphia's geographic neighbour.
betsy ross walt whit

-Betty Ross Bridge and Walt Whitman Bridges in Philidelphia.
benjamin franklin

-Benjamin Franklin fled to Philidelphia to start a new life at 17.
1776

-USS Philidelphia fought on October 11, 1776 in the Battle of Valcour Island.
state our independence

-The Declaration of Independence was signed in Philidelphia
high as kites ever since

-Benjamin Franklin flew a kite with a key in a storm.
sayin you from philly
you reap nothin but the benefits
plus its always sunny here

-Always Sunny in Philidelphia, a show.
just in case ya unaware
citizens be bankin in

-Citizens Bank.
can we get another year
yeah im talkin repeat
heat like hamels

-Cole Hamels, pitcher. Apparetly heatin it up. Played for Philidelphia.
utley amazin

-Chase Cameron Utley, played for Philidelphia.
charlie wrote the manuel

-Charles Fuqua Manuel, Jr., more baseball. ERetired player, current advisor.
broad street bullies

-Charles Fuqua Manuel, Jr., documentary on the Phildelphia Flyers. Hockey team.
nothins flyer than a flyers fan

-Phildelphia Flyers, again.
missin all his teeth

-You lose teeth when you play hockey. It happens.
bobby clarke still smilin

-Bobby Clarke, Canadian who played for Philidelphia Flyers.
rocky on the first step

-The Rocky Steps, in Philidelphia.
headin to that top one

-Movie reference, Rocky.
yeah thats me
we go hard where
im from

When I'm at Tony Luke's
We could lose all the trees
But we still got The Roots

The Roots started their origins in Philadelphia.  Tony Luke's is a chain of cheesesteak restaurants based in Philadelphia too, I think.

"more like a balboa" - reference to Rocky Balboa, the fictional main character from the Rocky series, originates from Philly

"Come wit me, I'll show ya home of the fresh prince" - refernce to Will Smith's character in The Fresh Prince of Bel Air, born and raised in West Philadelphia

"Jazzier than Jeff" - another reference to The Fresh Prince of Bel-Air, this time aimed at Jeffery Townes, who also goes by DJ Jazzy Jeff when working, also born in Philadelphia

"Back in the day doc j rock a 76 jersey" - reference to Doc J(Dr. J), or Julius Erving, a legendary basketball player who made most of his waves while playing with the Philadelphia 76ers

"Betsy Ross" - reference to Betsy Ross, maker of the first American flag, born in Philadelphia

"Benjamin Franklin" - one of the Four Fathers of America as well as the 6th president of Philadelphia 

"1776, state out independence" - reference to the declaration of independence singing that took place in Independence Hall, in Philadelphia

"plus is always sunny here" - reference to the popular television show "It's Always Sunny in Philadelphia"

"citizens be banking here" - maybe a reference to the First National Bank, founded in Philadelphia, more like a referennce t the Philadelphia Phillies stadium, Citizens Bank Stadium

"Yeah, I'm talking repeat. Heat like Hamels" - a reference to Cole Hamels, Philadelphia Phillies baseball player

"Utley amazing" - reference to Chase Utley, another player on the Philadelphia Phillies

"Broad street bullies, nothins fly than a flyers fan, missin all his teeth" - a reference to the Philadelphia Flyers, a hockey team, which also sets up the missin all his teeth like

"Bobby Clarke still smilin" - a reference to Bobby Clarke, a great hockey ex-player for the Philadelphia Flyers

"Rocky on that first step, headin to the top one" - a reference to a scene in the movie Rocky, where Sylvester Stallone runs up the steps of the Philadelphia Museum of Art's front steps

back when we had sly bacon
whoops i mean cunningham

-Cunningham. Cunning and sly, ham and bacon.
right after jaws

-Ronald Vincent Jaworski, nicknamed "Jaws"
and right before the running man

-The Running Man challenge, presumably based on the film. Philidelphia Police got pretty into it recently.
so much wit
prolly get it from the cheesesteaks

-Philly cheesesteaks can be ordered "wiz wit" to mean with cheese wizz. Philly slang.
i been out all night i just wanna sleep late
young crowd olde city

-Phildelphias Old City district reference.
tell me where the party at
meet the girl on south street

-A fomous street in Philidelphia.
better rock ya party cap
cruisin down city ave

-City Avenue in Philidelphia.
headin to the boulevard

-Theodore Roosevelt Memorial Boulevard, refered to as "The Boulevard".
coulda grabbed the El

-Rapid transit reference.
but they told me that it wouldnt spark

-A mentorship program in Philidelphia.
this where im comin from
who knows where we goin to
i feel like im in line for a ride
when im at tony lukes

-Tony Lukes, cheesesteak resturants.
we could lose all the trees
but we still got the roots

-"Trees have been culturally, environmentally, and symbolically significant to the Philadelphia region since the city's founding. They were believed to improve". Who knew.
plus we got beans

-Philidelphia slang for 100 dollars.
and an eve that doesnt opt for fruit

-Eve Jihan Jeffers-Cooper, rapper.
green blood in the tube

-The Bleeding Green Nation.
if we need it transfused
when the mets come thru

-Phillies vs. Mets, mets crushed 'em.
youre gonna hear our fans boo
this is the city of the brotherly love

-Penn named the city Philadelphia, which is Greek forbrotherly love (from philos, "love" or "friendship", and adelphos, "brother")
and if youve never been here
i suggest that you come to

"lets hear it for philly x3"

Statement made to gain praise for the city of Philadelphia 

now that we got vick

-Michael Vick, fottball player currently on the Philidelphia Eagles. 
i think we need the vet back

-Michael Vick got in a big mess with illegeal dog fighting.
tougher than a stitch
on a mitchell and ness cap

-Laser stitched baseball cap.
liberty bell crack

-The Liberty Bell in Philidelphia. It's got a crack.
walnut chestnut

-Walnut street and Chestnut street in Philidelphia. Historic sites.
aint justa ill track
more like the best of
215

-Philidelphia's area code.
yeah i covered all of that
from way back to the future

-Back to the Future, filmed in Philidelphia.
with this almanac
illadelph artifax

-Smoke shops in Philidelphia.
love park heart attacks

-Love Park or John F. Kennedy Plaza in Philidelphia.
always on the grind till i die
spillin all the facts
yeah the way im writin
youd think that im a titan
the way my pens landin

-Penns Landing, waterfront district in Philidelphia.
the crowd is left standin
d e mandin
chantin
one more encore
whos the new kid i never heard em before
so reggie white wit a mic

-Reginald Howard White, football player for Philidelphia Eagles.
bringin hits all night
cant afford this flow
a praise for no price
they call me neeko
this is for my people
ill state of mind
everywhere we go