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New ABC Store Pours Money into Community
The community will benefit from sales at the new ABC store off Interstate 77 at Exit 33.
Mooresville’s newest state-of-the-art package store offers an impressive selection of items and gives a boost to the town and school system budgets.
In the 2007 fiscal year‚ the area’s three package stores and numerous liquor-by-the-drink establishments generated $500‚000 for the Town of Mooresville and its public parks‚ the Iredell-Statesville Schools and Mooresville Graded School District‚ says Mike Deaton‚ general manager of the Mooresville Alcoholic Beverage Control Board.
The third and newest Mooresville ABC Store opened in mid-2006 at 117 Bridgewater Lane in a 7‚200-square-foot building. The store stocks some 1‚200 items‚ Deaton says.
Annual sales of spirits in Mooresville‚ including those at the package stores and in restaurants‚ total about $7 million‚ Deaton explains. Once excise and sales taxes are delivered to the state and expenses are covered‚ the remaining profits are available to the town and the school systems.
North Carolina is one of 19 “control” states‚ in which a state control board regulates the sale of liquor.
“But we’re unique in that we are the only state that keeps all the profits locally‚” Deaton says. “All of ours stay in the local school systems and the town of Mooresville.”
Since the first package stores opened in Mooresville in 1965‚ the Mooresville ABC Board has turned over nearly $6.3 million in profits to the town and schools‚ Deaton says.
Story by Kay Brookshire
Photo by Ian Curcio
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