The thrust of this idea is that the City would pay existing license holders a cash for their licenses and in exchange would re-issue a new license that was no-value and non-transferable for a relatively small annual fee.
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There are many good reasons to rethink the drinking age (and for sure some on the other side too), but top of mind right now is that this move would add legitimate revenue to bars and restaurants, especially in places like Greater Boston.
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Liquor licenses are too expensive in the City of Boston ($450K) and serve as an unnecessary and enormous barrier of entry for most entrepreneurs in an already challenged market even pre COVID-19.
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What if there was a state program that pumped money into restaurants by buying back their liquor licenses at a fixed rate and replacing all such licenses with original issue, no-value, non-transferable licenses?
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