New Owner Could Make Deal on State Fair

by Associated Press posted Jul 5 2012 7:10PM
 RICHMOND, Va. (AP) - The Virginia Farm Bureau Federation is negotiating to buy at least part of the State Fair of Virginia from its new owner.
     Federation spokesman Greg Hicks tells The Richmond Times-Dispatch (http://bit.ly/MLYexF ) that his organization has been in talks with Tennessee-based Universal Fairs LLC. He says an announcement "one way or the other" will be made next week.
     Universal Fairs president Mark Lovell bought the 150-year-old fair's intellectual property and the event site in Caroline County for $5.67 million at an auction on May 22. The previous owner, State Fair of Virginia Inc., filed for bankruptcy protection last December and later converted the case to a Chapter 7 liquidation.
     The Virginia Farm Bureau was a sponsor of the fair.
     Lovell told the newspaper last month that he was open to selling the property if the price is right.
Filed Under :
07/05/2012 7:10PM
New Owner Could Make Deal on State Fair
Please Enter Your Comments Below
Title :
Comment :
Dressing Up Your Pets Today? Check Out These Winners
Happy Halloween
Prince William County Police Department Incident Report
Parking Prices on the Way Up at Reagan National
More Spotsylvania Elders Fall Victim to Phone Scam
No Tags Found !