HARRISBURG, Pa., July 23, 2018 /PRNewswire/ -- The Pennsylvania
Liquor Control Board (PLCB) today reminded interested parties that
bids for 25 expired restaurant licenses in the upcoming license
auction are due by noon Thursday, Aug.
2.
This auction includes one license in each of the following 25
counties: Armstrong, Bradford, Bucks, Cameron, Carbon, Clinton, Crawford, Dauphin, Elk,
Greene, Huntingdon, Lebanon, McKean, Mercer, Montgomery, Northampton, Northumberland, Philadelphia, Pike, Potter,
Schuylkill, Susquehanna, Washington, Wayne, and Westmoreland.
The auction – the sixth since restoring expired licenses since
Act 39 became law in August 2016 –
will again use a sealed bid process, which has successfully awarded
191 licenses in the previous five auctions.
Bids will be opened Monday, Aug.
6, and auction winners will be determined soon
thereafter.
The minimum bid for each license is $25,000, and each bid must be accompanied by a
bid surety of $5,000 or 5 percent of
the total bid amount – whichever is higher – to avoid frivolous and
underfunded bids.
The highest responsive bidder for each license will win the
right to submit an application for the license to the PLCB within
six months of auction award. If bid payment is not received within
two weeks of auction award, the second-highest bidder will have the
opportunity to apply for the license. Bids will be held in escrow
by the PLCB, pending approval of the license application.
Lists of winning bids from each of the five previous auctions
are available on the license auction page of the PLCB website.
Auction revenue recognized in fiscal year 2016-17 and thus far in
2017-18 totals $20.6 million, while
another $4.8 million remains in
escrow, pending license approvals.
The PLCB regulates the distribution of beverage alcohol in
Pennsylvania, operates more than
600 wine and spirits stores statewide, and licenses 20,000 alcohol
producers, retailers, and handlers. The PLCB also works to reduce
and prevent dangerous and underage drinking through partnerships
with schools, community groups, and licensees. Taxes and store
profits – totaling $15.8 billion
since the agency's inception – are returned to Pennsylvania's General Fund, which finances
Pennsylvania's schools, health and
human services programs, law enforcement, and public safety
initiatives, among other important public services. The PLCB also
provides financial support for the Pennsylvania State Police Bureau of Liquor
Control Enforcement, the Department of Drug and Alcohol Programs,
other state agencies, and local municipalities across the state.
For more information about the PLCB, visit www.lcb.pa.gov.
MEDIA CONTACT: Shawn M.
Kelly, 717.783.8864
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SOURCE Pennsylvania Liquor Control Board