The Ontario government has paid out almost two-thirds of the $225 million it promised to The Beer Store, a privately-owned company that sells beer and other beverages in the province.
Payment Details
- The government has disbursed $130.5 million to The Beer Store as part of the agreement.
- This leaves a balance of nearly $95 million due by the end of the year.
Agreement Overview
- The payment is part of a deal made in 2020 between The Beer Store and Ontario taxpayers.
- Under this agreement:
- At least 300 locations must remain open until December 31, 2025.
- After this date, there will be no restrictions on shutdowns.
Current Situation
- Several closures have already been announced across Ontario, including in cities such as Oakville and Toronto.
- There is no confirmation from The Beer Store regarding potential further or full-scale shutdowns once their deal expires in four months.
Future Considerations
When asked about potential job losses following the expiration of the deal, Finance Minister Peter Bethlenfalvy stated:
"They have to make business decisions."
Bethlenfalvy also highlighted that consumers now have more options for purchasing alcohol:
- Alcohol is available in grocery stores.
- Various outlets, including the LCBO (a state-run liquor store chain owned by the province), offer more choices for consumers.
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