Thursday, Oct 2, 2014
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qfingers - Mayor Moore discusses Newcomb proposal - Quincy, IL News - QuincyJournal.com
It's not tax abatement...it's a tax refund which is a financing tool. And there's lots more than what is listed on your link It's a rather long section of 65 ILCS 5/11-74 http://www.ilga.gov/legislation/ilcs/ilcs4.asp?Ac...
Givemeliberty - Iowa company pitches Newcomb development proposal - Quincy, IL News - QuincyJournal.com
The pill Hobart is wanting the city to take would be easier to swallow, if they were bringing American Family, AT&T, Motorola, or something like it to fill up this building with 300-400 Jobs. Sadly though projects like the one I just described or the Newcome Lofts will only come to this area with help from the City or County (not saying the city should give in to all of Hobarts demands) because the…
UrKidsWillPay - Mayor Moore discusses Newcomb proposal - Quincy, IL News - QuincyJournal.com
The TIF district does not include a Property Tax abatement. Those are features of the Enterprise Zone which this site is not a part of. Would like to know how we are going to force that one through against our rules.....not that I doubt they will do it. Take a look at the eligible TIF expenses and tell me where they are going to lie to us to classify 1.8 million of a 4 million project as TIF eligible.…
UrKidsWillPay - Quincy Police Blotter for September 30, 2014 - Quincy, IL News - QuincyJournal.com
Could be or it could be for a burnout. which could be defined as unsafe because you lack complete traction. Or it could be for accelerating too fast but not buring the tires and without going over the speed limit. or she could have exited a private drive like the bowling alley without properly yielding.
qfingers - Mayor Moore discusses Newcomb proposal - Quincy, IL News - QuincyJournal.com
Just remember that getting taxable property there doesn't bring in any extra $$ for the city. What it does is lower property taxes for the rest of us. Obviously more $$ back for more expensive properties (i.e. same % saved across the board). By the same token the TIF district raises our taxes until such time as the TIF expires. That's because some of the tax $$ are diverted to a special…

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Downtown Quincy hotel to become Quality Inn & Suites

Downtown Quincy hotel to become Quality Inn & Suites

8 months, 3 weeks ago by 0

Former Holidome and City Center facility should be fully renovated this summer

The former Holiday Inn Holidome will become a Quality Inn & Suites, according to the company that purchased the property last year.

Tracy Holdings, LLC, doing business as Great River Hospitality, has announced that it signed a franchise agreement with Choice Hotels, which has Quality Inn and Suites as part of its hospitality portfolio.

Tracy Holdings purchased the 145 room property from Abbott Development in late October when it had no franchise agreement and was called The City Center Hotel. It was originally built as a Holiday Inn in 1984 and owned and operated by the Albanese family out of Springfield, IL. Marine Bank, out of Springfield, took over the property and sold it to Abbott Development in 2008. 

“The property has a lot of potential and is well built”, said Stan Seibert, General Manager of Tracy Holdings. “We shut down the property on November 15th and have been working hard to clean all areas, update equipment and systems and finish renovations on several rooms. We plan a soft opening with 60 newly renovated rooms in January. and will finish the rest of the rooms and start flying the Quality Inn & Suites flag by summer.  

Quality Inn & Suites is a mid-market hotel chain that will feature family friendly rooms, extended stay suites and a designated floor for business travelers.  The property will offer “Choice Privileges”; a free premire rewards program that can be redeemed for free nights, airline miles, gift certificates and more.  Property amenities will include a complimentarty hot breakfast bar, fitness center, indoor swimming pool, business center, meeting and banquet facilities and complimentary WiFi. 

“It is an excellent location and we just need to finish the work that was stalled several years ago”, said Joe Tracy, Owner of Tracy Holdings. “It will take most of 2014 to finish all the rooms and the banquet space but I am excited about the plan”.


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