“Fees for the license, which would need to be renewed annually, would be $7,500 for restaurants measuring between 800 and 2,000 square feet and $10,000 for restaurants running between 2,001 and 4,500 square feet.”
Notice, currently a liquor license is owned by an individual or entity and it is their property / asset. In NJ you do pay the market (exorbitant) price, pay your fee’s and it’s your license in perpetuity. The state / town makes it’s money on fee’s and taxes on the liquor sold.
NOW the State or Town (it doesn’t rally clarify who will be issuing the licenses) are “leasing” you a license with an annual fee of $ 7,500 to $ 10,000 per year! So mind you while this is being presented as a “logical” solution to the liquor license inequities in the state, what it really is a privatization of a public asset which will create a HUGE revenue to the state.
As some one who has a vested interest in a liquor license in the state I find this approach obviously troubling. While it does certainly make is “easier” for new/start ups to compete it’s far from a pure unbiased solution, the state is going to make a fortune annually off these changes.