For the first time in three years the floor could be open for new liquor licenses if a recommendation by the Liquor License Review Committee to lift the current moratorium on new licenses is approved.
The moratorium on new liquor licences was last lifted for a period of two months between November 2010 and January 2011. It was the first time in a four year period, applicants were able to file for new liquor licenses with 18 of the 22 applications approved.
In his policy speech for the 2014-2015 Cayman Island’s budget on Monday, Premier Alden McLaughlin told the Legislative Assembly the government had tasked a committee to review the Liquor Licensing Law and the current moratorium that stops the public from obtaining new Liquor Licenses.
“While work on an amendment to the Liquor Licensing Law is still ongoing, the Liquor Licensing Review Committee has recommended that the moratorium be lifted,” Mr. McLaughlin said.
“This recommendation will be discussed in Cabinet shortly; however, the proposal is for the moratorium to be lifted in July so that new applications can be heard at the September meeting of the board.”
Liquor Licensing Board chairman Mitchell Welds said he did not wish to comment on the moratorium but said it did not need an amendment to the law to be lifted.
“The moratorium can be lifted by order of the Cabinet,” he said.