Friday, Jul 31, 2015
Quincy, IL News - QuincyJournal.com

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WmMunny - QPD Blotter for July 30, 2015 - Quincy, IL News - QuincyJournal.com
A 3-strikes law is in order but ...... being the liberal mecca for criminals that IL is ...... we'll never see it.
1950Brutus - QPD Blotter for July 30, 2015 - Quincy, IL News - QuincyJournal.com
Or how about my personal favorite - the guillotine. A deterrent if there ever was one.
migraine_in_qcy - QPD Blotter for July 30, 2015 - Quincy, IL News - QuincyJournal.com
He won't, apparently, because the threat of punishment isn't deterrent enough. Time to bring back public floggings, stocks, tar and feathers, caning, etc.... We're being too easy on our criminals.
TheMightyQuin51 - QPD Blotter for July 30, 2015 - Quincy, IL News - QuincyJournal.com
Holy mackerel! That outta do it for Joshua Stevens! .....Again..... When will he ever learn?
UJacks1 - Illegal immigrant ordered freed by feds now suspected of murder in Ohio - Quincy, IL News - QuincyJo
Hooray for Hollywood and all those who continue to support the Obama admin's policies. Where is the hashtag, the outrage, the PSA's from Obama supporters? Reid, Pelosi, Wassermann-Shultz, Boxer, Sharptan, BlackLives Matter? No comments? Democrats in general say nothing, see nothing, hear nothing? Like a bunch of monkeys? Seems as if the Democrat policy of ignoring the current immigration…

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Loan Committee recommends accepting deed for Newcomb Hotel

Loan Committee recommends accepting deed for Newcomb Hotel

2 years, 5 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.


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