- Associated Press - Sunday, January 22, 2017

MINOT, N.D. (AP) - Minot is looking to eliminate the cap on the number of liquor licenses and the city’s bar owners are not pleased.

The Minot City Council’s Liquor and Gambling Control Committee put the ordinance on hold Wednesday, The Minot Daily News (https://bit.ly/2jI2uVk ) reports.

Under the proposed ordinance, a liquor, beer and wine license would still cost $3,125, but would also include a $150,000 application fee.

Shauna Downing with The Landing Bar and Bottle Shop and Minot Beverage Dealers Association said Minot liquor license holders have seen their licenses lose value amid the discussion of eliminating caps. She wondered if existing businesses could be grandfathered in.

Dave Humphreys with Bootlegrz said licenses can be worth $300,000 to $400,000 because of the value provided by the restriction. Humphreys suggested the city buy out existing license holders for the value of their licenses and let them buy the new, unlimited licenses that the city proposes to sell for $150,000.

“We made an investment that’s being stripped,” Humphreys said.

The committee is expected to discuss the ordinance on Feb. 1. Meanwhile, beverage dealers hope to come together to create recommendations for the council.

Based on Minot’s 2010 census population there are 28 licenses.

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Information from: Minot Daily News, https://www.minotdailynews.com

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