Tuesday, Jul 28, 2015
Quincy, IL News - QuincyJournal.com

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1950Brutus - Senate takes rare Sunday votes, but real drama is GOP leaders\' rebuke of Cruz - Quincy, IL News - Q
Not a Cruz man (yet??) but the blow back from Republican leaders is a bunch of self-righteous bunk.
CoolEdge - Masters pleads Not Guilty - Quincy, IL News - QuincyJournal.com
As I asked at first, do you know this from legal precedence UKWP, or that's just how you read it? Obviously you THINK that's what it means, and I understood your view from the start. I'm not sure that is what it really means though. And your "read it till you understand" snark indicates you're just being arrogant and stubborn. You still refuse to answer my question. How do…
ChristiMay - Washington Post finds air conditioning is sexist. - Quincy, IL News - QuincyJournal.com
Oh my goodness, I believe it is up to the person whether they wear short or long sleeves based on what temperature is in the room. Some news outlets will do just about anything to stir up identity politics. With the many very difficult issues we have in this country, this one doesn't pass the "smell test".
1950Brutus - Washington Post finds air conditioning is sexist. - Quincy, IL News - QuincyJournal.com
I am willing to concede that everything is sexist if Ms Dvorak will agree to SHUT UP.
UrKidsWillPay - Masters pleads Not Guilty - Quincy, IL News - QuincyJournal.com
Thanks for all of that but go back and read the phrase "lawfully in his possession" and keep reading it until you understand it. It's in the middle of your own post. The reason that phrase is in there is to distinguish between property that you can use force to protect: that which is "lawfully in his possession" and that which you cannot use force to protect: that which is not lawfully in his…

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City of Quincy begins Newcomb foreclosure process

City of Quincy begins Newcomb foreclosure process

2 years, 11 months ago by Bob Gough

City Committee questions why building's property taxes went up 25 percent

The City of Quincy's Economic Development Loan Committee is beginning the foreclosure process on the Newcomb Hotel.

The company, Newcomb Realty LLC, owes the City $487,537 in principal, interest, fees and back taxes on the property on the southeast corner of 4th and Maine. The principal balance is $410,323.

The Committee voted to have the City’s Legal Department begin the process.

Committee members also voted to pay the 2011 property taxes due on the building. Approximately $17,000 will come out of the City’s discretionary loan fund. The Committee took a second vote to attempt to find out why the building’s taxes went up 25 percent compared to the 2010 taxes.

Another company, 3 Diamond Development, had stepped forward in an attempt to turn the historic hotel into an assisted living facility with a $15 million renovation. But that deal fell through earlier this year.

Victor Horowitz and his Newcomb Realty LLC took out a $500,000 loan from the City eight years ago and that’s who 3 Diamond was going to assume the debt from under the name of a new company, Newcomb Quincy LP. But now it’s back to Horowitz, who has long been delinquent on the loan.

Newcomb Realty LLC also owed Adams County $49,640.96 from a $50,000 loan taken out the same time as the loan with the City, but the County forgave that loan in order to allow the City to proceed with the foreclosure.

Quincy Mayor John Spring said the City now has financial institutions share in the risk of development loans the City makes so there will not be another case like the Newcomb where multiple owners have borrowed money from the City only to see the building remain stagnant. Spring said the east side of the building, where a three-story addition was built on, has the most problems, but he's been assured by structural engineers that the main building is "structurally sound".

Earlier this year, City Planner Chuck Bevelheimer said there has been some local interest in the Newcomb, but nothing he was prepared to elaborate on at the time.


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