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Virginia Governor earmarks money for new ABC warehouse in budget

 

Governor Terry McAuliffe has proposed funds in his next capital budget to replace Virginia’s aging sole warehouse and distribution center for the state liquor business. The current warehouse is located in Richmond, VA. The $104.8 million dollar proposal is part of 7 “critical projects” that the governor introduced in his capital budget. A consultant for the ABC recommended that the state replace the 56 year old warehouse, which is limited due to age and lacks the space required to accommodate additional inventory as the department aims to increase sales from $800 million to over $1 billion a year. The state run liquor monopoly, ABC, generates a net profit of more than

$160 million per year to the state general fund from liquor sales alone.

Source: The Daily Progress, December 2016