The New Jersey Sports and Exposition Authority has allocated $5 million for a mixed martial arts event at the Prudential Center. This investment aims to support sporting events and attract visitors to the arena. Learn more about this exciting event and its impact on the region.
| Event | Funding |
|---|---|
| Mixed Martial Arts Event | $5 million |
The New Jersey Sports and Exposition Authority has approved $5 million in funding for a mixed martial arts event at the Prudential Center. This investment aims to support sporting events and attract visitors to the arena. The Prudential Center, privately owned by HBSE, has been a successful venue, ranking fifth in total gross revenues in Pollstar’s 2022 annual rankings. The arena has set revenue records in various areas, including ticketing, sponsorship, groups, entertainment, and food and beverage sales. In addition to hosting the mixed martial arts event, the arena will also be the venue for the 2024 CONMEBOL Copa America international men’s soccer tournament and the NHL Stadium Series. These events are expected to generate significant tax revenue and have a positive economic impact on the region.
The New Jersey Sports and Exposition Authority has approved a resolution to allocate $5 million to the Prudential Center for a mixed martial arts event next summer. The funding will be provided by taxpayer money appropriated in the fiscal year 2024 state budget. This investment aims to support sporting events and attract visitors to the arena. The Prudential Center, privately owned by HBSE, has been a successful venue, ranking fifth in total gross revenues in Pollstar’s 2022 annual rankings. The arena has set revenue records in various areas, including ticketing, sponsorship, groups, entertainment, and food and beverage sales. In addition to hosting the mixed martial arts event, the arena will also be the venue for the 2024 CONMEBOL Copa America international men’s soccer tournament and the NHL Stadium Series. These events are expected to generate significant tax revenue and have a positive economic impact on the region.
