Earlier this week, Community Board 3 voted to amend the policies for transferring liquor licenses when local businesses are bought and sold.
Save the Lower East Side said that the move “may be the most significant vote” that the board has ever taken.
The blog theorized that the move might reverse a trend that has seen rents rise and created a dense cluster of bars in the neighborhood.
“If prospective bar owners know that they must face the community to get license approval, they will be less likely to buy that business, especially here in areas of bar density, where there will be the most community objection. If bars are reluctant, landlords can’t count on high-rent bars for their commercial spaces, and will have to settle for lower-rent businesses. That will lower commercial rents and bring commercial diversity.”
We’d like to hear your thoughts about the board’s decision. Is it a good thing that prospective bar owners may now have to think twice about coming to the East Village? Or are those businesses being unfairly targeted? Let us know. Put your response in the comments section below.