Wednesday, Jan 28, 2015
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CoolEdge - Council tables insurance vote - Quincy, IL News - QuincyJournal.com
I don't understand why the mayor wanting his vote on record is a bad thing. Transparency is the new thing for politics, right? Some might want to be slippery and two faced, but statesmanship more than political deception seems like a good thing. Accountability, not plausible deniability, is what voters should expect, as I see it.
quincyhydro - Quincy School Superintendent\'s committee to begin construction manager interviews - Quincy, IL News
This is basically the school board telling Maas, Waterkoette, Schlipmann, and Bleigh Construction that they're a bunch of idiots that can't biuld a damn thing. Schlipmann just build a beautiful dorm for QU, Maas built almost the entire JWCC campus and 1st Bankers Trust building. Waterkoette and Bleigh are more than qualified. I really can't think of a bigger insult to our local…
whhm - Lovelace back in court Monday - Quincy, IL News - QuincyJournal.com
According to another news source, he has no money, period. A lower bond would do no good because he won't be able to make that. The trial delays are essentially because of lack of funds to pay his attorneys to mount his defense.
eaglebeaky - Masterson fit to stand trial - Quincy, IL News - QuincyJournal.com
That's the thing, PDS. Even though it can seem like a wasteful/rubber-stamp process, the courts are REQUIRED TO assess whether people are fit BEFORE they can stand trial. The process might seem like a waste of money (because yes it seems like a formality when so few defendants are ever deemed "unfit" to stand trial), but it is a basic procedural step -- just like allowing the accused to hire…
pimpdaddystyle - Lovelace back in court Monday - Quincy, IL News - QuincyJournal.com
I think Lovelace deserves a bond he can make. Took em some 8 years to file charges, why not grant him bond? He ain't no flight risk, where the hell would he go? What's he gonna do, pull an OJ and drive an SUV 10 mph down I-72 with one of his U of I football buddies? For crying out loud give him a bond he can make. And I'm 100% impartial, not in any of the camps, victim or defendant!!

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City of Quincy begins Newcomb foreclosure process

City of Quincy begins Newcomb foreclosure process

2 years, 5 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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Quincy School Superintendent's committee to begin construction manager interviews http://t.co/X37MUS8xg3
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@DOBrienWHIG A crime that @notcoachT was omitted!
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Masterson fit to stand trial - Faces murder charges from Dec beating http://t.co/tinE9O8Paz