Followup: Top bids for liquor-license-application rights at current store sites

It’s no guarantee that the current state-liquor-store locations will turn into private liquor stores, but the auction for rights to liquor licenses at existing store sites is over, and the state has announced the high bids. While many bidders face the prospect of negotiating with the sites’ current landlords – since the auction was just for exclusive license-application rights, NOT for the sites themselves – that’s not the case for one in West Seattle: At Capco Plaza in The Junction, owner Leon Capelouto was the high bidder for the license rights to his building’s almost-new “premier” store location, $225,445 – and also the high bidder for an Issaquah liquor-store location’s license-application rights, $251,000. For the Westwood Village liquor store location’s license-application rights, Ankur Patel was high bidder at $300,100. Kulwinder Pabla was the high bidder for the White Center store, $130,100. There are a variety of deadlines in the process now that bidding is over – for example, a deadline of May 4th for payment (per “terms ande conditions” here), after the state finalizes its announcement of winning bidders a week from today. The state has till June 1st to get out of the liquor business, when privatization, as approved by voters last year, takes full effect. The total amount bid on the license-application rights statewide was almost $31 million, according to the state’s news release.

1 Reply to "Followup: Top bids for liquor-license-application rights at current store sites"

  • Keith April 24, 2012 (12:18 pm)

    I’m encouraged by the Capelouto news; it’d be great to have a specialty-type liquor store right there, because I already know I won’t find many of my favorites on the shelves of QFC or Safeway. Smart move on his part, if he does it right!

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