This year's state fair might have to move out of Davidson County if a lease agreement isn't reached between the Metro Fair Board and the Tennessee State Fair Association.
On Tuesday, the fair board met to discuss the terms with the chairman of the TSFA, John Rose.
Both sides said they want to keep the fair at the state fairgrounds but the sticking point is how much should the TSFA pay to rent the property from Metro for those two weekends in September.
Originally, the TSFA wanted to pay $2 for the first 50,000 tickets sold and then $3 for any tickets over that amount. Metro wanted $3 for every ticket.
At Tuesday's board meeting, the board decided to counter and give the TSFA about a week to decide.
The Metro Fair Board now wants $2.25 for the first 50,000 tickets sold and then $3.75 for any tickets over that amount. That would come out to $179,250 if the attendance stays the same as last year, about 67,800.
The Metro Fair Board said they could reasonably get about $200,000 if they rent to someone else for those two weekends.
The board is now considering a proposal to rent out the fairgrounds to a company out of Memphis, Universal Affairs. The company wants to rent the fairgrounds to put on their own fair during those weekends, traditionally reserved for the Tennessee State Fair.
The company is willing to pay $200,000 and agree to rent the property for the next five years.
The Tennessee State Fair Association has until February 13 to decide.
Last fall, the 106th annual Tennessee State Fair drew in tens of thousands of visitors.
- Oct. 1, 2012: Future of Tennessee State Fairgrounds remains up in air