Thursday, Oct 30, 2014
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eaglebeaky - Mid-America Port Authority pledged $1.3 million from Illinois - Quincy, IL News - QuincyJournal.com
What the heck are you talking about, XBC? (To be honest with you, I didn't even realize that your previous comment was directed towards me.) What group is it that you seem to think I am "trying to lump Rauner into"? That's news to me... especially since I'm actually supporting Mr. Rauner this time -- if only because (in my opinion) he is (marginally) the lesser of two evils. (And,…
AYHSMB - Rauner racking up newspaper endorsements - Quincy, IL News - QuincyJournal.com
Calling him a Republican is misleading. Still, better for the State than Quinn.
AYHSMB - Amazon to open facility in Illinois, hire 1,000 - Quincy, IL News - QuincyJournal.com
WC. Got that right.
eaglebeaky - Illinois quarantine for people who touched Ebola patients - Quincy, IL News - QuincyJournal.com
Oh, I see. Point well taken, AYHSMB. Thank you for the clarification. (I guess I'm just hoping that nobody starts throwing that kind of negative stuff around in relation to the Ebola issue. That's probably just wishful thinking on my part... but I'd like to hope that some sense of civility and humanity will win out -- at least while the doctors and nurses lives are at risk.) It's…
AYHSMB - Illinois quarantine for people who touched Ebola patients - Quincy, IL News - QuincyJournal.com
sorry for the late reply, eagle. Just seems as of late we can't do anything sensible without someone being accused of racism.

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Initial Newcomb Hotel loan secured with life insurance policy

Initial Newcomb Hotel loan secured with life insurance policy

1 year 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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