Nebraska State Fair board approves $4.25 million purchase of about 20.5 acres at 1009 E Stolley Park Road

The Nebraska State Fair Board voted unanimously to approve a $4,250,000 real estate purchase agreement for about 20.5 acres at 1009 E Stolley Park Road, the board recorded at its meeting. The agreement is dated Oct. 8, 2024, and is subject to any non‑material amendments before closing.

Board member Boyd Strope, who introduced the motion, told the board that the negotiated purchase includes several buildings and personal property. "Subject to final approval by this Board we have negotiated the purchase of approximately 20.5 acres," Strope said, adding that the value of improvements and personal property is "approximately two‑thirds of the total purchase price." The board approved the purchase agreement and authorized Executive Director Jaime Parr, after Executive Committee review, to conduct and approve due‑diligence matters and to negotiate and approve amendments that do not materially or adversely affect the Nebraska State Fair’s interest.

Strope moved the approval; Dawn Caldwell seconded the motion. The motion carried on a unanimous roll call vote. Immediately afterward, Strope moved that Jaime Parr be authorized to determine which funds and/or certificates of deposit will be used to pay the purchase price; the motion was seconded by Alan Kahle and also carried by unanimous roll call vote.

The board did not provide additional financial breakdowns in the meeting record; Strope characterized the improvements and personal property as representing roughly two‑thirds of the total purchase price. The board recorded no other business. The meeting adjourned after a motion to adjourn by Dawn Caldwell, seconded by Kevin Jorgensen.

Next steps recorded by the board include finalizing any non‑material amendments, completing due diligence by the Executive Director after Executive Committee review, and closing the purchase according to the terms of the approved agreement.