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Angier ABC Board tells commissioners revenues slipped; second store under consideration
Summary
Angier ABC Board representatives told town commissioners that sales and contributions to the town have declined this fiscal year and said a planned bypass could affect the current store; they discussed opening a second location, which could require temporarily suspending contributions to the town, but presented no formal proposal.
Representatives of the Angier ABC Board updated the Board of Commissioners at the May 5 meeting on current sales trends and the board’s outlook for the remainder of the fiscal year.
The ABC Board representatives told commissioners that revenue contributions to the town have decreased compared with previous years and identified the planned bypass project as a factor that could affect the current store’s performance. They said the ABC Board is considering an additional store location to offset potential losses and position for future growth. Board representatives cautioned that launching a second location could require temporarily suspending contributions to the town while funds are redirected to finance the project.
Commissioners asked questions about sales trends, operational impacts, and future financial projections. The ABC Board representatives said no formal proposal or detailed financial plan was available at the meeting and that they expected to return with additional information for future discussion.
Why it matters: ABC Board contributions are a recurring local revenue source; a temporary suspension of contributions to finance a new store would affect town receipts and could influence municipal budgeting if it occurs.
The Town Board took no action and received the report for future follow-up.
