Difficulties With The Fair
Local hotels and other accommodations were not allowed to take reservations directly. Room reservations for everything from hotels to houseboats sold in a package with fair admission tickets through the first 11 days of the fair, handled by a central bureau, Knoxvisit. However, financial and administrative troubles pushed reservations to be taken over by PLM, which itself filed for bankruptcy and was mired in its own difficulties.
After Jake Butcher's United American Bank failed the year after the fair (on February 14, 1983, when the Federal Deposit Insurance Corporation took over the bank due to irregularities in financial records), there was speculation that the failure was due in part to his financing of the World's Fair.
Read more about this topic: 1982 World's Fair
Famous quotes containing the words difficulties and/or fair:
“Let us consider that we are all partially insane. It will explain us to each other; it will unriddle many riddles; it will make clear and simple many things which are involved in haunting and harassing difficulties and obscurities now.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“O, what a noble mind is here o’erthrown!
The courtier’s, soldier’s, scholar’s,eye, tongue, sword,
Th’ expectancy and rose of the fair state,
The glass of fashion and the mold of form,
Th’ observed of all observers, quite, quite down!”
—William Shakespeare (1564–1616)