Thursday, Sep 18, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Recent Comments

WarCry - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
The only people resenting the police are those who are too ignorant to know what the police actually do.
WarCry - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
A few years ago, a van was stopped for the "low-hanging fruit" of having the license plate bulb burned out. It was a routine stop that resulted in the seizure of over 500lbs of marijuana. What you deem as "accidental" is not as random as you think. It's a numbers game, and as much as you want to complain about it (a lot, apparently), it's been proven legal at every level of court system…
migraine_in_qcy - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
I'm not sure what your point was in re-posting the blotter, other than you like to see comments with your name at the top. Seat belt enforcement is just picking low-hanging fruit. Violators are usually tame and compliant and usually pay their fines: hence, easy revenue stream for the gubmint. The fact that they accidentally round up a real criminal once in awhile just helps people ignore away…
migraine_in_qcy - Survey says: GREDF, City of Quincy and Adams County get some answers - Quincy, IL News - QuincyJourn
That's all fine and dandy, but what is GREDF doing to try and improve the business climate in Illinois? Is GREDF openly supporting political candidates that are low-tax and pro-business? Is GREDF lobbying or helping fund lobbyists at the state level to promote pro-business laws? It's great to talk about retention, but when Illinois is doing everything it can to stifle business growth, surveys…
whiner1 - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
STEP is a waste of taxpayer money. We are spending 7 million or so already to catch all the bad guys. The State of Illinois is broke. It is ridiculous to add another layer of law enforcement on top of what we already have. I intend to tell all my reps. to quit wasting my money on more enforcement. Enough is enough. These petty tickets are just sucking money out of the local economy and causing more…

Most Popular

Quincy's Long John Silver's closed

Armed robbery suspects identified, but not caught

Lovelace court proceedings to resume in three weeks Updated

Committee for Building Quincy's School's holds first forum Updated Video

McVey resigns as Culver-Stockton athletic director

Quincy Park Board selects Frericks as executive director

QPD nabs 66 in latest STEP detail

Quincy Park Board to hold special meeting on Monday Updated

Loan Committee recommends accepting deed for Newcomb Hotel

Loan Committee recommends accepting deed for Newcomb Hotel

1 year, 7 months ago by Bob Gough

Owner of long vacant property has been behind on mortgage and taxes for years

The City of Quincy's Economic Development Loan Committee went into executive session Thursday to deal with a real estate matter, which is a deed in lieu of foreclosure, for the former Newcomb Hotel, located at 500 Maine Street.

City Planner Chuck Bevelheimer discusses what was decided at the meeting.

"After discussing the in's and out's of the process of moving the property forward, we did make a recommendation to accept the deed in lieu of foreclosure and made that recommendation to the City Council. So that is the end result of today's meeting."

Bevelheimer then explained why the City chose this course of action.

"Well, the reason is two-fold, one it's taken us a year to get to this point and it's been a long struggle to get control of the property and the building is not getting any better in shape, in terms of the building maintenance and deterioration and finally, we do have some interested parties who have contacted us but without control we can't really respond to those interests. So, we're trying to manage this so that we can, more or less, flip this property as quick as possible."

This recommendation now goes to the Quincy City Council.

Previous Story:

The City of Quincy’s Revolving Loan Committee will consider a proposal from the owner of the Newcomb Hotel to accept the deed of the property to stave of foreclosure.

Victor Horowitz bought the building 10 years ago and received a $500,000 loan from the city and $50,000 from the county. The County has written off its share of the loan, which stands at about $475,000 outstanding in loans, fees and back taxes.

Horowitz has offered the deed to the City in exchange for forgiveness of the loan. City Planner Chuck Bevelheimer says the building's future is in limbo until the ownership issue is cleaned up.

A developer was considering turning the long-vacant hotel into an assisted living facility, but the funding for that plan fell through in 2011.

The Revolving Loan Committee meets on Thursday. The discussion on the Newcomb will be in closed session, according to the meeting agenda.


From the Newsroom

Bob Gough on Twitter

Bob Gough 3 hours, 13 minutes ago

RT @jasonrmcintyre: Given NIKE's past stances w/ Roethlisberger, Penn State, Tiger Woods, the Adrian Peterson decision was...interesting ht…
Bob Gough on Twitter

Bob Gough 3 hours, 35 minutes ago

RT @Chet_Cannon: Pelosi says Dems never treated Bush the way GOP treats Obama. It takes a special breed of idiot to make a statement like t…
QuincyJournal on Twitter

QuincyJournal 5 hours, 36 minutes ago

Quincy man arrested for selling crack cocaine http://t.co/63VDivdkoi
Bob Gough on Twitter

Bob Gough 6 hours, 35 minutes ago

RT @danmak57: Quincy now has longest #WB6 football winning streak. Blue Devils have won four consecutive league games