Only days left to decide future of state fair

RICHMOND, VA (WWBT) - The state fair of Virginia has just a few days left before it presents a plan to either keep the fair or turn things over to a group of lenders.

A report filed with federal bankruptcy court shows the state fair of Virginia reports losing more than half a million dollars in January.

According to the Times-Dispatch, most of that money went to salaries and other operating costs.

It also reports that it had one point four million dollars in three bank accounts.

The state fair filed for chapter 11 back in december.

That was just two months after the fair saw a huge increase in attendance.

The fair has until next Wednesday to come up with a plan to keep meadow event park.

If not, there's a possibility there would be no state fair in the fall.