Posted on 10/08/124 by Colin Vassallo
NorthJersey.com is reporting that the New Jersey Sports and
Exposition Authority is using $7.125 million from its
pandemic relief fund to secure the SummerSlam 2025 premium
live event in East Rutherford next year.
The money, part of the American Rescue Plan funding that the
state of NJ received from the U.S. government, is to be used
to “respond to the negative economic impacts of the public
health emergency by providing aid to impacted industries
such as tourism, travel and hospitality.”
NJSEA is expecting that SummerSlam, which they are billing
as a “marquee event,” will generate over $80 million in
total economic impact for the region to justify the
spending.
The authority spent $3.5 million from the same fund to bring
UFC 288 to the Prudential Center last year.
The state of New Jersey received a total of $6.24 billion
and funds must be spent by the end of 2026.
Last month WWE announced that the two-night SummerSlam would
be taking place at MetLife Stadium next August.