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1950Brutus - REBEL MEDIA: "Stay out!" - Quincy, IL News - QuincyJournal.com
I bet Quinn learned this from Dick Durbin - another INTIMIDATOR.
QuincyJournal - REBEL MEDIA: "Stay out!" - Quincy, IL News - QuincyJournal.com
Gov. Pat Quinn news conference, open to the public, Circle Interchange Intersection of W. Harrison St. & S. Des Plaines St., Chicago. BG
eaglebeaky - REBEL MEDIA: "Stay out!" - Quincy, IL News - QuincyJournal.com
I'm curious, Mr Gough, what was this public event and where did it take place? The governor's overbearing security guy claims that "it's not a public event" (although it certainly seems like he is lying about that, since there are lots of people in the background -- and they're gathered on what appears to be a public sidewalk). Obviously, the security guy's statement in no…
pamarshall - Rauner calls for service tax - Quincy, IL News - QuincyJournal.com
Quinn was re-elected running on higher taxes. It might work for Rauner.
qfingers - Strawman: Where Do You Weigh In On The Immigration Crisis? - Quincy, IL News - QuincyJournal.com
They're estimating up to 97,000 by September. With that # that is $38,000 per child. How's this? Offer their parents $10,000 to come pick them up. We can save $2.7B and have them out of the country ASAP. Of course we DNA them so they can't get the $$ twice to the same family subject to a fraud charge. Then you have to lock down the border too.

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Initial Newcomb Hotel loan secured with life insurance policy

Initial Newcomb Hotel loan secured with life insurance policy

9 months, 2 weeks ago by Bob Gough

Initial loan made to Newcomb Realty LLC in 2003, City worked out an extension in 2005

The initial loan documents on between the City of Quincy and Newcomb Realty, LLC show the loan was originally secured with a life insurance policy on Victor Horowitz, who signed the documents purchasing the building and taking out the loan with the City 10 years ago.

Documentation from the City was acquired by Quincy Journal last month via a Freedom of Information act request.

Click here to read the original loan documents.

The loan was secured in 2003 and an extension was worked out in 2005. The initial loan was $500,000 from the City of Quincy's UDAG fund and $50,000 from Adams County's Revolving Loan fund.

Further documents show Newcomb Realty, LLC had property and liability insurance on the building from December 2007 to December 2008. Click here for that. Horowitz told City officials that the policy had lapsed because he could no longer get insurance on the vacant structure.

City officials have a meeting to update the Newcomb situation on Friday.


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