I just went to the same event in Columbus Ohio a couple weeks ago. Fabric pieces for $2.99 per pound. It was awesome! If I remember right, I got around 100 yards of fabric for about $79. I got anything from 3 - 4 inch strips to 2.5 yard pieces.
I was there very late in the day and there was still LOTS and LOTS of fabric left. I asked what they were going to do with the rest of the fabric and they said they were going to donate it to charity.
This was the second year in a row that they had the one day only sale in Columbus.