Please read this article:
Yesterday the owner of the Northwood Bar and Grill had an auction. He sold off most of his assets; however, he could not sell his liquor license. The highest bid was only $65,000.
Not only did City Council pass a law that has had a drastic effect on local bar owners; the liquor licenses have also plummeted in value.
I personally know people who have purchased liquor licenses for $100,000 and $115,000 in the last couple of years.
Yesterday the highest bid at the auction was $65,000.
We need some new people on our City Council.