How Philly’s Accountants Can Easily Raise $100 Million for the City

Photo by LIgorko/iStock

If you have up to three kids and make less than $54,000 a year, you are probably owed about $6,300 this year from the federal government. In fact, the government has likely owed you this money for the past few years, and you can apply for that too. No, I am not making this up.

It’s called the Earned Income Tax Credit. It’s money owed by Washington to low-income individuals and, unfortunately, too many people in Philadelphia are leaving it on the table. How many? According to City Councilman Allan Domb, about 40,000 people in the city are eligible for an average refund of about $2,500. The amount of money left on the table last year? About $100 million. Read more »

OPINION: The One Big Thing Missing From Allan Domb’s Plan to Grow the City

WTP B26 Audrey 1” by See below – Wiki Takes Philadelphia. Licensed under CC BY-SA 3.0 via Commons.

As we’ve unfortunately learned, some business leaders may not be the most effective political leaders. But Allan Domb doesn’t fall into that category.

Since taking office as an at-large City Council member last year, Domb has dived into the job with enthusiasm, commitment, and energy. He doesn’t need to be doing this. He’s made plenty of money selling and managing real estate over the past few decades. But clearly he wants to make a difference. He wants Philadelphia to grow — and not just because the city’s growth will help him sell and manage more real estate. But because he cares about the city’s future. Read more »

What Do You Get When You Put Curalate, Starr Restaurants and Coded by Kids Together?

Image courtesy of Curalate.

Image courtesy of Curalate.

Philly Tech Week is back, and it’s more creative than ever. Case in point: On Tuesday, May 2, Curalate will challenge a group of as many as 200 people to a Center City scavenger hunt.

Teams will make their way around Center City to unlock and solve random challenges designed by Curalate engineers. And there are two end goals here: Unlock the location of your prize – a swanky party catered by Starr Restaurants that evening – and give kids across Philadelphia their next coding lesson. Curalate says the $10 cost to participate in “Sprint & Sips” will go directly to Coded by Kids, the Philly grassroots organization that’s giving students access to technology education. Plus, the first team to solve all of the clues and make it to the secret location will win a $250 Starr Restaurants gift card.

“We needed to do something different for Philly Tech Week this year,” Curalate co-founder and CTO Nick Shiftan told Philadelphia magazine, “And we wanted to combine the two things that Curalate does best – competitive problem solving and partying.”

Shiftan says Curalate has had much success with internal scavenger hunts and wanted an opportunity to try it again. But more importantly, the company wanted the chance to promote the importance of tech and computer science fluency and education.  Read more »

The Top 5 Real Estate Stories of 2016

We still don't know what Toll others' proposed mixed-use tower on Jewelers Row will look like, but we do know its facade won't look like this, and that has the city's preservation community up in arms. | Photo: Oscar Beisert

We still don’t know what Toll others’ proposed mixed-use tower on Jewelers Row will look like, but we do know its facade won’t look like this, and that has the city’s preservation community up in arms. | Photo: Oscar Beisert

As we close the book on 2016, let’s take a look back at the year in real estate and development. What were the stories that got people’s attention this year? Here are our picks:

Toll Brothers goes tall on Jewelers Row and sets off a preservation fight.

A few years ago, Toll Brothers, the Horsham-based luxury home builder, decided to enter the urban development game with its City Living division. Urbanist critics loved to fault the builder’s Philadelphia projects for their notable lack of urban features like density and mixed uses. So when the company announced it wanted to build an apartment tower with street-level retail in Philadelphia, everyone cheered, right? Wrong, because the tower would replace three buildings on historic Jewelers Row. The fight to preserve the buildings pitted the preservation community against just about all of the property owners on the 700 block of Sansom Street, who see the apartment tower as giving their businesses a shot in the arm from a ready-made customer base. (Or so it appeared from the testimony delivered to the Philadelphia Historical Commission in September, when it opted to punt on the issue of preserving the endangered buildings. The Jewelers Row merchants who appeared at this month’s Washington Square West Civic Association Zoning Committee meeting sang a different tune altogether.) Toll can build this project by right under the lot’s zoning, but Toll has indicated it wants to work with the community to shape a project everyone could live with. Right now, it looks like that project has yet to emerge. Read more »

ThinkFest Recap: Allan Domb’s Three Steps to Righting the City’s Finances

Screen Shot 2016-11-15 at 5.05.45 PM

On Tuesday afternoon, City Councilman and real estate man Allan Domb took to the stage at Philly Mag’s ThinkFest to do what he does best: talk about municipal finance.

Anyone who knows Domb knows that he’s laser-focused on a few key things that he believes will help fix the city’s budget and lift Philadelphians out of poverty. A veteran of the real estate industry, Domb often compares the City of Philadelphia to a $4 billion business. On Tuesday, he played his greatest hits. Read more »

Jawdropper of the Week: The Golden Touch in Wash West

1101 Locust St. #7F, Philadelphia, Pa. 19107 | Photos via Allan Domb Real Estate

1101 Locust St. #7F, Philadelphia, Pa. 19107 | Photos via Allan Domb Real Estate

They say money can’t buy you love, but this stunning apartment proves that all wrong. Soaring high above the streets of Washington Square West, this week’s Jawdropper is located in the luxurious Western Union Building, and truly no detail was spared in the creation of this masterpiece.

Entering the foyer, you’re not only greeted with the killer views that grace almost every room in the apartment, but you’re also met with views into the office and open-plan main living area. If you look down, you’ll also notice the custom-made greige maple chevron floors that continue throughout the apartment.

Moving from the foyer into the kitchen area, you’ll notice that this is no ordinary kitchen. Every detail in this kitchen is custom made and top of the line, from the floor-to-ceiling Teknika maple cabinetry to the Calacatta marble countertops and waterfall island. Read more »

Teamsters to Pro-Soda Tax Lawmakers: No More Campaign Money For You

FILE - In this Wednesday, June 8, 2016 file photo, opponents of a proposed sugary drink tax demonstrate outside City Hall in Philadelphia. Philadelphia is set to become the first major American city with a soda tax despite a multimillion-dollar campaign by the beverage industry to block it. The City Council is expected to give final approval Thursday, June 16, 2016, to a 1.5 cent-per-ounce tax on sugary and diet beverages. (AP Photo/Matt Rourke, File)

On June 8th, 2016, the Teamsters and other critics of the soda tax demonstrated outside of City Hall. | Photo by Matt Rourke/AP

What do special interest groups want for their campaign donations? Are they looking for favors, access, or just a sympathetic ear? Most of the time, voters can only speculate (and worry) about the answers to those questions. But every so often, someone pulls back the curtain and lets us see the world of political giving with our own eyes.

On June 17th, Teamsters Local 830 secretary-treasurer Danny Grace sent a strongly worded letter to several Council members who voted to enact a soda tax earlier this month. In it, he lambasted lawmakers for supporting “Mayor Kenney’s regressive, discriminatory and likely unconstitutional Beverage Tax.” Grace, whose union represents soda bottlers and truck drivers, wrote that he told Council members time and time again that “this unfair tax that targets only one industry would be ruinous to the Teamsters, leading to the loss of thousands of family-sustaining jobs.” And then he informed them, pretty bluntly, that Teamsters Local 830 wouldn’t be giving them any more campaign money.

“Throughout your time on City Council, the Teamsters have been proud to support you, both with financial contributions and feet on the street during every election cycle,” said Grace. “As a result of your vote to support a regressive, discriminatory tax that will decimate my local and other Teamsters locals in the region that rely on a healthy beverage industry for work, we cannot in good conscience continue to offer you any support whatsoever going forward.” Read more »

Council’s Resident Realtor Just Voted Against a Tax Hike on Real Estate Sales

Photo of Allan Domb in the lobby of Parc Rittenhouse by Laura Kicey Read more at

Allan Domb in the lobby of Parc Rittenhouse. | Photo by Laura Kicey

A City Council committee voted 6-2 on Thursday to approve a small increase in the real estate transfer tax, which is levied when houses and other properties are sold.

The proposal was introduced on behalf of City Council President Darrell Clarke. Clarke wants the city to sell a $100 million bond and put the proceeds toward the Basic Systems Repair Program, which helps fix heating and plumbing systems for low-income homeowners, as well as a new program that makes low-cost loans for home repairs to middle-income homeowners. Revenue from the .1 percent increase to the transfer tax that the committee approved on Thursday would be used to pay down the debt on that bond.

Councilman Allan Domb, a Philadelphia realtor who earned the nickname of “Condo King” in the years before he ran for office, voted against the proposal on Thursday, saying he thinks the city should be able to find money for the Basic Systems Repair Program without raising a tax. Of course, it’s a tax that affects realtors more than many others. Read more »

Op-Ed: Why Philly Should Expand the Property Tax Abatement

Photo by Jared Piper/Courtesy of City Council's Flickr

Photo by Jared Piper/Courtesy of City Council’s Flickr

(Editor’s note: This is an opinion column from guest writer Allan Domb. Domb is a City Councilman as well as a longtime realtor and developer in Philadelphia.)

Earlier this month, a surprisingly critical op-ed was written about my proposal to extend the current property tax abatement from 10 years to 20 years for properties valued at $250,000 and under. The criticism was surprising because it failed to mention how successful the current abatement program has been for Philadelphia’s economy, both from a development and revenue-generating standpoint — for every $1 abated, the city receives $2 from other revenue sources over the life of the abatement.

Perhaps this criticism was so strong because I have not fully explained the proposal, which I intend to do through a variety of outreach efforts. In fact, I have already started doing this by meeting with interested parties to address all concerns. With that said, let me explain it. Read more »

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