A victim of a poorly timed stock sale that locked in enormous losses, the State Fair of Virginia is no more. Its 360-acre fairgrounds in Caroline County will be auctioned off.
The State Fair of Virginia
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.