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Council approves ownership transfer for Caleb and Broad liquor license
Summary
The Newport City Council approved transfer of the class B‑V alcoholic beverage license for Caleb and Broad (162 Broadway) to Caleb Opco LLC after a public hearing and clarifying questions about the dual‑LLC ownership structure.
The Newport City Council approved the transfer of a Class B‑V alcoholic beverage license for Caleb and Broad, 162 Broadway, from Stone Soup, LLC to Caleb Opco LLC following a public hearing and brief council discussion.
During the hearing Councilor Carlin asked why the applicant had listed the same individual under two LLCs split 51%/49%. Solicitor and applicant representatives explained the setup reflects separate entities holding interests in the business or real estate. "It's really dependent on the license holder, how they want to go about how they hold the interest in the license," the applicant's counsel said, describing common business reasons for layered LLC ownership structures. After confirming there were no public objections the council voted to approve the transfer.
The transfer was presented as a standard licensing matter; the clerk confirmed the required notices and the council held the statutory hearing before voting. The council also approved associated licenses for the operator at the same premises (sidewalk café, entertainment license as amended later in the meeting). The council recorded an affirmative voice vote and moved on to multiple other licensing matters.
