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THE VALUE OF ST. ANTHONY VILLAGE WINE AND SPIRITS <br />Liquor Operations actively  <br />participates in the City’s  <br />Mission, Vision and Strategic  <br />Initiatives: <br />•Environmental responsibility <br />•Civic engagement <br />•Welcoming retail environment <br />•Fiscal & organizational strength <br />•Quality infrastructure. <br />•Safe and secure stores <br />THE VALUE OF MUNICIPAL LIQUOR OPERATIONS <br />•“Without municipal liquor profits, cities would need to either  <br />reduce their budgets or increase their fees and property taxes.” <br />•“In general, they do not operate any differently than a private  <br />liquor store.” <br />•“Municipal stores must abide by the same laws and three‐tier  <br />distribution model.” <br />•“Residents also benefit from a publicly owned asset that generates  <br />an economic return on equity and capital, putting taxpayer dollars  <br />to productive use.” <br />‐Valuation Viewpoints, Shenehon Business & Real Estate Valuations