(an event) is being held
You can use the verb "hold" to talk about having an event. For example, you can:
hold a party
hold a tournament
hold an art exhibition
You can also talk about where and when the event is happening using the expression "___ is being held..." For example:
The 3rd Annual Bell Lake Boat Show is being held on September 15th from 3 to 8pm at the South Pier.
A: Where's it being held?
B: At the Rec Center, I believe.
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