The State Fair of Virginia, which has entertained generations of Virginians for more than a century and a half, won't be held this year because its operator has shut down.
Whether another entity will step up and take over the annual fall event this year or in the future is uncertain.
SFVA Inc., the nonprofit organization that puts on the fair and a series of other events, failed to reach an agreement with lenders by a Wednesday deadline.
Consequently, SFVA said it has ceased all operations, has laid off the remaining 17 employees including its CEO, has handed over its property to lenders and will liquidate what few assets are left.
"They simply did not accept our offer," Jonathan L. Hauser, a Troutman Sanders attorney representing SFVA, said of the lender group.
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