WrestleMania 29 location announced

For the seventh time in history, WrestleManiawill be hosted in New York/New Jersey.

At a press conference Thursday, MetLife Stadium, the home of the New York Giants and New York Jets of the NFL, was announced as the venue for WrestleMania 29, taking place April 7, 2013.

In attendance for the press conference were WWE chairman and CEO Vince McMahon, New Jersey Gov. Chris Christie, Jets owner Woody Johnson, Giants owner John Mara and notable WWE Superstars John Cena, Triple H, Sheamus and Mark Henry.

Also present was Dwayne “The Rock” Johnson, who in a surprise announcement revealed he will be appearing at the event. It is unknown whether it will be in a physical capacity. Johnson will face John Cena in the main event at WrestleMania 28 in Miami on April 1.

With this announcement comes speculation as to the location of WrestleMania 30: 1, 10 and 20 were hosted in nearby Madison Square Garden, with thr assumption from many that 30 may also land in the “world's most famous arena”. Not since WrestleMania 4-5 (also hosted in New Jersey, at the Trump Plaza in Atlantic City) have two consecutive WrestleMania events been hosted within a virtually identical proximity.

WrestleMania is a sought-after property, with multiple cities bidding to host the event -- the typically weeklong festivities have generated an average $50 million in economic impact in their past four cities (Atlanta, Phoenix, Houston, Orlando). John Saboor, WWE senior vice president for special events, estimates that WrestleMania 29 in New Jersey has the capacity to generate more than $60 million.

“WrestleMania has quickly grown into a weeklong celebration generating in excess of $60 million of new direct spending for the host community where it takes place,” notes Saboor. “We expect by virtue of the enormity of this market, the popularity of this market, we can expect to see a greater result of WrestleMania week.”

MetLife Stadium is co-owned by the Giants and Jets and seats more than 80,000. The attendance record at a WrestleMania was in 1987 at WrestleMania 3, when 93,173 filled the Pontiac Silverdome.

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