I have been wondering about this for awhile, and glad to see Snevelicious did a story about it;
“Really, if it’s just a change of address, not a change of ownership, they’re just playing a game,” said Greg Jamison, a state Representative from Sioux Falls who also spent eight years on the Sioux Falls City Council.
This happens quite often. Just recently a national franchise sports bar parked their license at Casino so they can complete their building. Or my favorite, a liquor license jumped from a 2nd floor insurance office to an ice cream shop and now to a vacant space.
I hope Joe does some more investigating on this. It’s time to get rid of liquor licenses as assets. Someday I hope to sell my driver license for $400K 🙂