For the first time in its history, the Borough of New Providence has authorized the sale of one consumption liquor license that permits the sale of alcoholic beverages by the drink or single bottle. 

The Borough is currently accepting bids for this liquor license. The minimum price for the license has been set at $400,000. 

In order to bid on the license, interested parties must complete the ABC Retail License Application, as required by the Alcoholic Beverage Commission (ABC).  The ABC Retail License Application is due on January 14, 2013. 

Once bidders have prequalified, they will be able to submit a sealed bid.  Bids must be received by February 11, 2013 and the license will be awarded on February 25, 2013 (tentative).

Additional information, including the borough ordinance, council resolution, and timeline, are available on the borough’s website, www.newprov.org.

Editor's note: The above information was submitted to Patch by the Borough of New Providence. To read Patch's past articles on New Providence Liquor Licenses, click here: http://newprovidence.patch.com/topics/new-providence-liquor-licenses