Izod Center, East Rutherford, N.J., during an event.

The industry was buzzing last week with the unexpected news that the New Jersey Sports & Entertainment Authority voted 10-2 to shutter Izod Center, East Rutherford, N.J., by no later than March 31, sooner if possible, moving as many currently-booked events as are willing to Prudential Center, Newark, N.J.

While privatization of Izod Center has been rumored for quite awhile, closure had not been in the forefront until the announc...

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