By ROBERT LINNEHAN | The Voorhees Sun
Have an extra million dollars sitting around somewhere? Is your restaurant suffering without liquor sales? Well perhaps you should come to the Voorhees Township Administration building on June 9 when the committee will auction off its second liquor license to the highest bidder.
Township Administrator Larry Spellman said the minimum bid for the consumption liquor license has been set at $1 million. Several interested parties have already come to the township asking to purchase the license, he said, and interest seems to be high for what could be the last license Voorhees sells in the next decade.
“Hopefully there’s enough interest to get a good deal on this. We’ve had a couple of people come forward and ask about it. We were allowed to sell the license last summer, but because of the economy we realized we wouldn’t get as much as we could,” he said. “The economy is turning around and people have expressed interest these past few months.”
The township attempted to sell the license last summer, setting the minimum bid for the document at $1.5 million. Spellman said a buyer was extremely interested and stayed in the process until the “eleventh hour,” but then pulled out at the last minute. The township committee decided to take it off the table and wait until the economy improved to attempt another sale.
See this week’s print edition of The Sun for the full story.
