How to Destroy a Philadelphia Neighborhood: Robert’s (Coyle) Rules of Disorder!

Posted: July 21, 2012 in Bidness, Criminal Activity, Hou$ing/Real E$tate, Urban Blight/Bling
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Actually, it doesn’t seem all that difficult…  There are absentee landlords all over the tri-state area who specialize in blight in our city.  The pathetic thing is we do almost nothing about it.  Though, hopefully that’s changing with “Blight Court.”

Robert Coyle is such an egregious example of a slumlord that you couldn’t make him up.  One of his attorneys describes him as a “lunch pail, blue collar kind of guy,” which implies he’s not all that smart or savvy.  And if that’s true, how does he go from bus driver to highly leveraged real estate mogul in just a few years?  Any connections aren’t obvious and he doesn’t appear to be much of a political contributor, though he (and his son) have given to John Perzel (another upstanding citizen).

Maybe John can tell us how Polonia, a bank, ostensibly, based in Huntingdon Valley (with several branches near Pt Richmond), ended up having a 49% stake in this mess.  Does Mr. Perzel’s  connection to the bank’s president have anything to do with this?  Call me a conspiracy theorist, but do we really believe this scofflaw had no friends in local government?  Dat ain’t how Philly works…

 

[Full disclosure:  we thought Slumopoly was an original…oh, well]

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