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1950Brutus - Mid-America Port Authority pledged $1.3 million from Illinois - Quincy, IL News - QuincyJournal.com
I root for the Cleve Browns even though they have zero chance of winning the super bowl. Chance of winning doesn't come into play on this obsession - doesn't come into play when I vote either. I vote for what I want - I do not "settle"..
Givemeliberty - Mid-America Port Authority pledged $1.3 million from Illinois - Quincy, IL News - QuincyJournal.com
The goal this year is not to win its to get 5% of the vote so ballot access is not an issue in four years. Right up until about a month and a half ago the Libertarians were doing little if any campaigning. They were fighting court battles the GOP brought against them. And it was the same with the Green and Constitution partys to get on the ballot. Its hard to fund raise when you can't campaign…
Stupid_Dems - Business owners split over minimum wage votes - Quincy, IL News - QuincyJournal.com
Minimum wage it for minimum employees. A person should be able to work for any wage they want too without government interference.
Stupid_Dems - Votes for Republicans switched to Democrats in Moline - Quincy, IL News - QuincyJournal.com
If the Dems contaminate the ballot box the only recourse is exactly the same as was give n the Crown!
qfingers - Mid-America Port Authority pledged $1.3 million from Illinois - Quincy, IL News - QuincyJournal.com
What we need is a better voting system...like the Borda method. Then the 3rd party candidate most assuredly would have a chance....but for just that reason you'll never see it....the controlling parties not wanting a 3rd party to have any chance. Plus it's a bit difficult to count unless you are computerized. http://en.wikipedia.org/wiki/Borda_count

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Loan Committee recommends accepting deed for Newcomb Hotel

Loan Committee recommends accepting deed for Newcomb Hotel

1 year, 9 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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