More Liquor License Fun

[theterrace]

www.courierpostonline.com/article/20100518/NEWS01/5180340/Sen.-Beach-proposes-changes-in-state-s-liquor-license-laws

Interesting. If passed, a license given away for $100K could be worth 10x that to the boro.

[vincegatto]

May 18, 2010 10:14:05 GMT -5 @theterrace said:

www.courierpostonline.com/article/20100518/NEWS01/5180340/Sen.-Beach-proposes-changes-in-state-s-liquor-license-laws

Interesting. If passed, a license given away for $100K could be worth 10x that to the boro.

Nah, the bill also creates so many new places that could get licenses to sell liquor (restaurants, food stores religious organizations, etc.) that the value of a license will drop due to the law of supply and demand. What restaurant would buy a license when they only have to apply for the "new" class of license.