ArborOne, a South Carolina lender on tens of millions of dollars of bonds owed by the fair, wants the court to let it keep its right to take action, which could include foreclosing on the 360-acre Caroline County property the fair calls home.
Nonprofits
Virginia State Fair seeks bankruptcy protection
The nonprofit company that operates the fair filed for Chapter 11 after failing to work out a deal with its lenders to restructure the $83 million it borrowed to develop its new fairgrounds in Caroline County.
Local nonprofits snag $1.3 milllion in grants
Life just got a little sweeter for nearly 50 non-profits in the Richmond area.
Local SIDS nonprofit acquired by national organization
A local non-profit has joined forces with a large New-Jersey-based organization.
Nothing junior about this achievement
A group that helps students get their financial houses in order finally has a home of its own.
Cycling nonprofit shifts gears
Richmond Cycling Corps is spinning off a for-profit venture in Scott’s Addition.
Glen Allen nonprofit shuts down
A 137-year-old Glen Allen nonprofit has shut its doors.
Local nonprofits get $300,000 in grants
The John Randolph Foundation rewarded groups that focus on health, wellness and education.
UNOS employees to be transplanted
A major Richmond nonprofit has picked up a vacant office building in Jackson Ward as a second location and will start moving some employees there this fall.
Richmond community dole out big bucks
Prominent Richmonders gave almost $30 million to nonprofits and other organizations last year, according to the Generous Virginians Project, an annual report recently released by Virginia Business magazine. The magazine contacted 260 companies, 100 families and more than 225 nonprofit organizations to provide their top 15 donations of at least $25,000 since January 2010. The… Read more »