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TPImgratnColitn - Durbin says Obama should bypass Congress on immigration - Quincy, IL News - QuincyJournal.com
Durbin, is a tired traitor to his constituents. Here is a list of the tears one should shed for Real Americans. NO TEARS FOR REAL AMERICANS Where are you tears for the downtrodden, abused, mourning Real Americans? None, we see. Why? Because that wouldn't fit the liberal narrative. The facts argue for true and real concern for Real Americans. What facts? 1. They have lost their…
QuincyJournal - Gems sale not yet final - Quincy, IL News - QuincyJournal.com
Please show me the provision in the Freedom of Information Act that allows a reporter access to a public contract while a negotiation is in progress. I'll wait. I mean you obviously have such a vast knowledge of the subject. I can't believe you're not the president of FOX News. BG
pamarshall - Quincy Police Blotter for August 30, 2014 - Quincy, IL News - QuincyJournal.com
It usually takes a while for the media to get public information. Judici.com is an excellent source of public court records and it's free.
MountainMan - Rauner to make Quincy stop on Saturday - Quincy, IL News - QuincyJournal.com
of course not but I'm not gonna vote for one Horses A$$ because he's not as bad as the other. Their seems to be a legitimate option out their this time that doesn't include the same two options we try every friggin 4 years.
convoy32 - Committee sends new garbage and recycle trucks plan to Quincy City Council - Quincy, IL News - Quinc
Not true drum57ix the city gets paid for the recycables just not enough to fund the entire program!

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Loan Committee recommends accepting deed for Newcomb Hotel

Loan Committee recommends accepting deed for Newcomb Hotel

1 year, 6 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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