Charlie Redd announced this morning that he'll be shutting Redd's in Rozzie in about a month.
And he blames an effort by City Councillor Ayanna Pressley (at large) to get more liquor licenses for Boston's outer neighborhood's, which he says will devalue his main asset - his liquor license.
This restaurant is closing because the largest asset of this business, the liquor license, is going to be devalued tremendously by a Boston City Council initiative led by Ayanna Pressley and supported by Roslindale councillor Tim McCarthy to flood Boston with free liquor licenses. This initiative is popular politics meant to drum up image for the individual city councillors' next political ambition, not change neighborhood licensing in a healthy manner. These type of drastic changes in restaurant licensing in neighboring areas have wiped out the value of licenses and I refuse to let that happen to my life savings. The license has been sold and will be moved out of Roslindale. I have invested all I have into this restaurant, but I will not consciously lose everything because these city politicians wish to change how restaurants work without listening or considering the restaurants that made this square what it is.
Among the areas that would be eligible for Pressley's proposed 153 licenses would be Roslindale Square. 753 South opened a couple years ago with a similar license, obtained under an earlier set of neighborhood licenses the legislature approved in a law proposed by Pressley. Her proposal this time would also include an "umbrella" provision to let large new malls issue an large number of new licenses.
At their peak, Boston liquor licenses could go for well over $300,000 on the open market, due to scarcity caused by state restrictions on their number. That caused a number of bars and restaurants in outer and minority neighborhood's to shut after their owners sold the licenses to downtown and waterfront outlets of national chains.
Pressley said her goal was to help bring entrepreneurial restaurants back to these neighborhoods.