Maybe he's saying this July 4th The Smash show with The Gents is going to be as big a watershed moment in Albuquerque as the Ramones 4th of July show was in London in 1976 . My guess is, judging by it being a holiday concert, they probably were going to do a a Ramones set.
Look at the way the lettering looks like it is between the black area of the building. BRILLIANT!
I just wish the lettering was distressed a little to match the ruggedness of the building and the punk rock lifestyle.