CRE Equipment Auction Event

The CRE decided in March 2024 that the only way to satisfy the requirements of debt elimination put on the organization by our financial lender ATB was to auction off equipment that did not affect the majority of our clients, including the Big Valley Jamboree Festival.  

This step was necessary to pay off the loan made to Camrose Casino owners Mayfield Investments Ltd by CRE back in 2005 as they stopped paying their loan in March 2020 and have refused all attempts including legal to pay back Camrose Regional Exhibition and Agricultural Society.

The CRE Board of Directors and staff did a deep analysis to limit the impacts of the auction to the majority of clients. Unfortunately, the most value in assets lies in livestock penning steel and therefore it will affect CRE’s ability to host cattle shows and sales.

We are working with cattle/bull sales on options to rent their steel and still use the facility if they desire.

CRE will still be the host venue for many great community events including Big Valley Jamboree, the BRCA Dog Show, MS Bike Tour, and many others.  Weddings, conferences, meetings, agriculture training events and, gala’s will not be affected as we are keeping our chairs, tables, pipe and drape! 

We are working on attracting new events to the CRE that we know the community would love to attend. 

CRE is keeping everything necessary to run large-scale events like Big Valley Jamboree and will rent in equipment as necessary for anything needed.  The cost of renting as needed is much lower that repair and maintenance on older equipment.  

We are keeping tables, chairs, pipe and drape, BBQ’s, picnic tables, portable bars, our telehandler, tools, etc.  Unfortunately, we are selling the event tents that were available to rent during outdoor event season but we have the name of a great supplier that works all over Alberta installing and renting event tents.

There will be no change to our ability to host this important community event.  We can also still host other great community events like the Boys & Girls Club of Camrose Haunted House and the Bullying Enns Show and Shine.  

Also, we can still host our popular BINGO’s!  If you are looking to host a community event at CRE, please do not hesitate to contact the office.

Livestock is a very important part of the overall Alberta Agriculture picture.  CRE is working on providing livestock event producers with options to rent the steel to be used onsite for their show/sale.  

We will also focus on other areas of Agriculture such as Agriculture Equipment, Technology and Training, Precision Agriculture, Agri-Food Sustainability, and drone training to name a few.

The CRE Board of Directors is taking this dramatic step to ensure CRE is in the Camrose region for many decades to come.  

Since 2019, CRE has been working on reorganization of the Society to ensure we are fulfilling our Agricultural Society mandate and most importantly be financially stable for the future.  The goal is to have all debt eliminated as soon as possible so that the organization never has to go through this process again.

CRE managed to stay alive through the two-year COVID shutdown by making strategic decisions and lowering risk and we will continue to make those hard decisions to ensure the financial success of the future.