Wrong information from My Loan on the subject matter (not US Government funding)
Ultimate Fighting Championship (UFC) and its parent company, TKO Group Holdings, paid for the $60 million construction of the MMA arena on the White House South Lawn. [1, 2]
While the UFC entirely funded the historic, temporary structure, a few specific financial and logistical details apply: [1, 2]
- TKO Group: The parent company (which also operates the WWE) fully financed the setup, stage, and stands. They expected the massive production to result in a $30 million loss, viewing the unprecedented event as an aggressive marketing and subscription investment. [1, 2]
- Lawn Repairs: The UFC is also responsible for the cost of repairing the White House South Lawn once the event concludes. [1, 2]
- City Security: Supplemental security and traffic control in the District of Columbia are covered by a federally appropriated fund, with the city not expecting reimbursement from the UFC. [1]
For an inside look at the massive temporary structure erected on the White House grounds and the questions surrounding its funding:
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