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Rental value is the fair market value of property while rented out in a lease. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor ( landlord ) under a license to real property . [ 1 ]
The Ionia Free Fair (IFF) is what is said to be the world's largest free-admission fair, hosted annually in July. The Fair was established in 1915 and takes place in Ionia, Michigan at the fairgrounds near the city center. [1] [2] [3] It brings in hundreds of thousands of attendees annually, with an estimated 400,000 guests in 2023. [3] [4]
The Monroe County Agricultural Society organized its first fair in 1849, but it wasn’t until 1948 that it was moved to this permanent location. [1] All of the 120 acres of property is owned by the county and leased to the fair association on a 99-year agreement.
The fair went on hiatus in 2009 amidst funding difficulties, and returned in 2012 at the Suburban Collection Showplace. During the administration of Michigan Governor Rick Snyder, the northwestern portion of the site was redeveloped into a shopping center, anchored by a Meijer store. Additional redevelopment proposals were made in the late ...
The Gibraltar Trade Center was a public market in the Metro Detroit region of the U.S. state of Michigan. As of its closure, it had one remaining location in Mount Clemens, Michigan which was previously home to the Mount Clemens Race Track. From 1980 to 2014, there was a second location in Taylor, Michigan. [1]
The Michigan State Fair, first held in 1849, was the nation's first state fair. It was held in various locations throughout Michigan until 1904, when Joseph L. Hudson formed the State Fair Land Company, acquired 135 acres of land at this site, and deeded it to the Michigan Agricultural Society. The 1905 Michigan State Fair was held on this site.
Imlay City is home to the Eastern Michigan Fairgrounds, which holds a fair every year that includes rides, a rodeo, a demolition derby, and a farm animal competition. Also occurring at the fairground is a car show and Imlay City's "Woods and Water", a hunting and fishing extravaganza.
The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller. The term is used throughout the Internal Revenue Code , as well as in bankruptcy laws, in many state laws, and by several regulatory bodies.