SummerSlam 2015 will now have to move locations as the New Jersey Sports & Entertainment board voted to close down the 34 year old Izod Center facility in East Rutherford at the end of January.
New Jersey officials called the decision inevitable as the arena is state-owned and racked up $8.5 million in losses.
WWE announced last year that the show would be moving from Los Angeles, California, for the first time in six years and chose the New York/New Jersey area to hold the SummerSlam weekend similar to what they did for WrestleMania 29.
All events scheduled at the Izod Center for February and March have been moved to the Prudential Center in neighboring Newark.
Yesterday WWE officials confirmed that they were looking for an alternative site for SummerSlam and if they want to remain in the area they can always choose the Prudential Center or the relatively new Barclays Center in Brooklyn.
The Izod Center, among its different names through the years, has been holding WWE events since its inception. The venue hosted SummerSlam in 1989, 1997, and 2007, the King of the Ring in 2001, No Mercy in 2004, No Way Out in 2012, WrestleMania Axxess, Extreme Rules in 2014, and countless of non-televised live events, Raw, and Smackdown shows, including the Raw following WrestleMania 29 with one of the rowdiest crowds in the history of the show.