6/29/2023 0 Comments Indiana 3 way liquor licenseAt yesterday's sale, the new licenses were being snatched up for $1,000 a piece, the face value of holding a permit. In recent years, bar and restaurant owners have paid $50,000 to $75,000 a piece to acquire a 3-way permit due to increased demand as the city grew. Although the City of Indianapolis has grown substantially since the adoption of Uni-Gov more than four decades ago, the Commission has not adjusted the quota for the expanded boundaries of the city until now, which resulted in a glut of new 3-way permits. Of particular note, though, is the sale of 94 new 3-way permits within the City of Indianapolis. It brought $450,000, a record purchase price according to the Indianapolis Star. The highest-priced license sold at the auction went to United Package Liquors for a license in Brownsburg. The sale of the liquor licenses at the auction raised more than $3.8 million for the state. The Indiana Alcohol & Tobacco Commission auctioned off 279 new liquor license permits at an auction yesterday, 169 of which are to be issued in Marion County.
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