"Small businesses are the lifeblood of our economic recovery, and SB 395 will help many new businesses get low-cost liquor licenses to boost our recovery around Union Square and Yerba Buena,"
"The thought of 20 additional licenses coming into the marketplace in a concentrated area like Union Square and Yerba Buena - that's a dangerous approach to take,"
"The pie is only so big. And if we're going to be slicing the pie into 20 more slices, many people are going to go hungry, and not many are going to be able to survive."
Governor Gavin Newsom signed SB 395 to allow San Francisco to issue up to 20 additional low-cost liquor licenses for a designated downtown retail district. State Senator Scott Wiener authored the bill and Mayor Daniel Lurie sponsored it as part of a plan to boost downtown recovery. Lurie and Wiener specifically referenced Union Square and Yerba Buena as likely target neighborhoods. The new licenses will cost about $20,000 each, compared with secondary-market prices as high as $200,000. Some existing hospitality operators warn that concentrating 20 new licenses in the same area could overwhelm the local market and threaten current businesses' survival.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]