Restaurant Wants Liquor License
GRAND RAPIDS — Ritz Koney Island has become the second downtown business to file with the Downtown Development Authority for a Redevelopment Liquor License.
The board approved the restaurant’s application last week, which now goes to the City Commission before heading to the state Liquor Control Commission for final approval.
The licenses are available to entertainment-type businesses in an urban district that has undergone redevelopment, meaning the business has invested at least $75,000 in its location or will invest that amount over the next five years.
An applicant has to meet other criteria to qualify for a license, as well.
These licenses are similar to the standard Class C license, except in two ways. The licenses can’t be transferred and cost only $20,000.
In constrast, the market value of a Class C license in the metro area can run as high as $85,000.
Ritz Koney Island is owned by 3 Cousins LLC. The restaurant opened for business at 64 Ionia Ave. SW in December 2005. It features all-beef koney dogs and homemade pickles.