This is the 7490th most frequent Korean word.
치러지는
"Being carried out" or "taking place."
Here, '치러지는' is used to refer to the event of the election being conducted.
선거는 다음 주에 치러질 예정입니다.
The election is scheduled to be held next week.
In this context, '치러지는' implies the school's event or festival occurring.
학교 축제가 여름에 치러질 거예요.
The school festival will take place in the summer.
This usage of '치러지는' pertains to the occurrence of the sports match.