Thursday, Mar 5, 2015
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qfingers - 7 emails reveal signs of racial bias among Ferguson officials, DOJ says - Quincy, IL News - QuincyJo
Yeah...maybe they were "inappropriate" jokes. Why don't we go though all Al Sharpton's emails and President Obama's? Think we might find an inappropriate joke or two in there? Actually don't have to look at emails...just look at what they say. EVERYBODY HAS BIAS AND PREJUDICE....it's DISCRIMINATION that you have to avoid. I don't think it's quite time for the…
QuincyGuy - Holder: Ferguson police bias stoked distrust, hostility, \'toxic environment\' - Quincy, IL News - Q
Holder is a lying crook. He shouldn't throw bricks in his glass house.
UJacks1 - Gas leak at Kelly’s - Quincy, IL News - QuincyJournal.com
One question: Who were the 'authorities' responsible for okaying the re-open after the first time, when later in the evening Kelly's had the same problem? Whoever that 'responsible' authority is needs also to be held accountable.
ONCEMORE1 - Holder: Ferguson police bias stoked distrust, hostility, \'toxic environment\' - Quincy, IL News - Q
When in the hell is Holder, Who has "resigned" EVER going to go away???
convoy32 - US clears officer in Ferguson case, criticizes police force - Quincy, IL News - QuincyJournal.com
WTF! This is so stupid,mike brown deserves what he got period! I guess its OK to just disrespect the store owner,push him out of his way and TAKE what he wanted,he is right where he belongs,in the ground 6ft. under! Oh and his racist uncle says something don't add up well probably because he can't add since he didn't finish school ! DUMB BOY!

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City of Quincy begins Newcomb foreclosure process

City of Quincy begins Newcomb foreclosure process

2 years, 6 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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