Tuesday, Sep 30, 2014
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pjohnf - Iowa company pitches Newcomb development proposal - Quincy, IL News - QuincyJournal.com
Is this project going to have a surety bond in place if this guy goes under or is the performance bond the same thing? The project sounds like a good use of the property but we tax payers lost big time the last time we put up money for a developer to develop this property.
ONCEMORE1 - Practice of end-of-career teacher salary bumps being scrutinized - Quincy, IL News - QuincyJournal.c
Sure are------12 months pay for nine months "work". Plus a couple weeks for Holidays, Christmas Break, Spring Break, Snow Days, etc. Try to match that in the Real Working World.
qfingers - Iowa company pitches Newcomb development proposal - Quincy, IL News - QuincyJournal.com
Could you list what "infrastructure" this is for? It's apartments and retail space...not roads and sewers. And I don't see any parking in the illustration above. 20 apartments could easily mean 40 cars there 24x7. And I don't believe it's legal for the city to give anybody a property tax abatement except by a few means like enterprise zones for example. Anything targeting one…
ONCEMORE1 - Iowa company pitches Newcomb development proposal - Quincy, IL News - QuincyJournal.com
Here we go again......... Giving away the farm---AGAIN---is about as brilliant as Deuce's parking lot that nobody needs.
vonvicious - Iowa company pitches Newcomb development proposal - Quincy, IL News - QuincyJournal.com
The city might as well build the build and finance the structure itself. First off sell the property for what it is worth. 52 parking spots for 20 apartments and an eatery is that even enough to meet code.

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QPS Board approves $89 million Bond Issue

QPS Board approves $89 million Bond Issue

1 month, 2 weeks ago by Scott Hardy

Referendum to be on November ballot

Click here for the Quincy School District's details on the building plan.

A referendum seeking approval for the Quincy Public Schools to issue $89 million in bonds to build five new elementary schools and several additions to Quincy High School will be on the November 4 ballot. 

The Quincy School Board voted 5-2 Thursday night to put the referendum on the November ballot so that, in the words of Board Vice-President Jeff Mays, “You have a choice. If we didn’t vote to do this, we’re still going to have to spend $67 million to maintain our schools over the next 20 years. And we can do that. This board can maintain our schools. But you don’t get a choice in that.”

The $67 million is what the Board projects they’d have to spend on the current buildings based on required Health, Life, Safety guidelines from the state of Illinois.  

Voting for the referendum were Mays, Board President Stephanie Erwin, Scott Stone, Sayeed Ali and Sheldon Bailey. Voting against were Bud Niekamp and Richard McNay, who prefaced his vote by saying he is for school re-organization and for new buildings, but that instead of a bond issue, he would prefer a county-wide sales tax that would be divided between QPS and the county’s four other districts, based on enrollment.  

The District’s master plan calls for:

  • Building three new elementary schools on new sites, at a cost of $15,600,000 each

  • Tearing down Monroe elementary and building a new school behind the current location, at a cost of $14,200,000

  • Creating a new elementary school using the current location of Baldwin Intermediate school, at a cost of $12,000,000  

  • Building additions to Quincy High School, including a Freshmen addition at a cost of $16,000,000

  • Re-aligning the elementary schools to host grades K-5, Quincy Junior High to host grades 6-8, and Quincy Senior High to host grades 9-12    

Todd Moore of Architechnics, a member of the Design team that was picked from Quincy’s three architectural firms, gave the School Board a presentation of how the elementary schools would look, as well as the additions to Quincy High.  

Some of the highlights of the presentation included:

  • Each elementary school would have 900 square foot classrooms, with a maximum of 25 students per room

  • The commons area at Baldwin Intermediate would be used for a new elementary school; the gym, cafeteria and auditorium would remain

  • Quincy High would gain 27 new classrooms, an expanded gym facility and kitchen and a 1900 square foot technology lab

The Steering Committee that developed the Master Plan had originally planned for four new buildings but according to Moore, based on the designs for the new schools submitted by the Design team, the committee realized in mid-July that the cost projections for a fourth new building on a new site would have been too high.

Several people spoke at the meeting, voicing their opposition to building all the structures at once, preferring to build one building at a time. Board President Erwin replied that if the board built multiple structures, the annual savings in operating costs would be $1.5 to $2 million. Erwin also pointed out that there would be savings from an eventual consolidation of administration and staff for the new elementary schools. Stone also noted that current construction costs and interest rates are at historic lows. Several board members also pointed out that all students would benefit from the upgrades in technology, and that no one neighborhood would gain, or be left out.

When asked “How are we going to pay for this?” QPS Business Manager Joel Murphy pointed out that the building bonds are similar to a “20 year mortgage”, and that there would be no increase in the overall property tax rate from the bond issue.         


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Iowa company pitches Newcomb development proposal - Hobart Historic Restoration wants to build $3.9 million apartm... http://t.co/D3LhR9gTcY
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@DanLucySports God bless, Dan.
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@ursadailynews The City is planning to take out insurance to cover that in case it falls through.