Tuesday, Jul 22, 2014
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CoolEdge - REBEL MEDIA: You\'re a grand old flag - Quincy, IL News - QuincyJournal.com
Were you there after Katrina or some other hurricane? That was a rather unique situation, and many of those billions got poured into the wrong pockets. (and any comparison to the war and famine of Somalia is absurd) That is the problem with throwing ever more billions into education or welfare or any top down political solution. There are always many lined up for political payback, and another…
pjohnf - Amending Illinois Constitution a tough path for pension reform - Quincy, IL News - QuincyJournal.com
Just because it's going to be hard to get done doesn't mean it shouldn't be attempted. Anything worth doing is going to be hard. The politicians need to stop worrying about their political futures and concentrate on doing what's right for Illinois and its citizens. Illinois politicians need to take care of the tax payers and quit kowtowing to government sector unions.
pjohnf - Quinn, Rauner use jobs claims as campaign weapons - Quincy, IL News - QuincyJournal.com
Governments or Governors don't create jobs, they can only create an atmosphere for private sector job growth. That means a low tax rate for businesses and less onerous regulations for businesses. The one good thing I saw was a decline in government jobs which is good thing. The unemployment rate is a bogus number as it doesn't truly reflect how many people are really working. What we need…
CoolEdge - REBEL MEDIA: You\'re a grand old flag - Quincy, IL News - QuincyJournal.com
thanks for the link Not sure why it doesn't come right up with Google. I have to put "qteaparty.com " in for Google to bring it up. Just Qteaparty works for Bing, or even "quincy tea party". Anyway, maybe everyone here can do the search on Google, so the name will start coming up more easily on Google. I'll make it to a meeting one day ... looks like you've had good speakers, but…
AYHSMB - REBEL MEDIA: You\'re a grand old flag - Quincy, IL News - QuincyJournal.com
If you really think about it, the government must want it this way, otherwise, they would try to change it. Anyway, if you read the comment section of eaglebeaky's post, and mine, you'll see there is much disagreement on how the numbers and stats are figured.

Most Popular

Intimidation from Durbin?

48th Street project no longer in the Adams County Board's control

Woman dies after SUV and motorcycle collide

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Bickhaus named to Mercantile Bank Board

Armed Robbers at Large in Quincy Updated

City of Quincy begins Newcomb foreclosure process

City of Quincy begins Newcomb foreclosure process

1 year, 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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