The Wrecking Ball Songfacts reports that Springsteen performed an early version of the song in 2009 at his final appearance at the Giants Stadium in East Rutherford, New Jersey, before it was torn down. He wrote the tune partly in response to the closing of the stadium.
I was raised out of steel here in the swamps of Jersey, some misty years ago
Through the mud and the beer, and the blood and the cheers, I've seen champions come and go
So if you got the guts mister, yeah if you've got the balls
If you think it's your time, then step to the line, and bring on your wrecking ball