Apr 23, 201210:37 AMBlog

State liquor store auction totals $30.75 million

Apr 23, 2012 - 10:37 AM

The Washington State Liquor Control Board has successfully auctioned the rights to apply for a spirits retail liquor license at 167 state-run liquor stores statewide. The sum of individual bids totaled $30.75 million, with rights awarded to 121 successful bidders.

Initiative 1183 directed the WSLCB to auction the state store properties at their current location. However, the state leases the properties, not owns, creating a unique circumstance for the auction.

Successful bidders earned the exclusive right to apply for a liquor license at the current location within its current footprint. All state store properties are below the 10,000 square foot threshold established by the initiative.

Successful bidders will need to secure a lease with the property landlord. If they are unable to secure a lease, they may re-sell their right or request an alternative location within a one-mile radius of the existing location.

            

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