A northeast Arkansas county fair association says that it will pay all of its creditors and seek bankruptcy protection, the Associated Press reported yesterday. The Craighead County Fair Association operates the annual Northeast Arkansas District Fair. The Jonesboro Sun reports that it's almost $10 million in debt from moving the fair's location to a larger site on Johnson Avenue. Fair Board president Michael Cureton said some factors in the debt included unexpected expenses in selling the old property and overrunning costs at the new site. Contractors began filing liens against the fairgrounds property in 2012 after they stopped receiving payments. Starting last year, some have filed foreclosure lawsuits.
