Oh, the economy, the economy, the economy!
That was the cry of city chief information officer Allan Frank when he pleaded with the city Administrative Board in February to grant him an additional six months to move into Philadelphia so that he could be in compliance with the government’s employee-residency rule.
Frank, who became the administration’s top wage earner when he began working here last September, told the board he was getting no bites on the Bryn Mawr house he was trying to sell — yet another consequence of the ailing economy.
At first, “people started to come to see the house,” he said in an interview Friday. “But then the crash happened and the credit market went down and everything stopped.”
As proof of his good intentions, Frank even submitted real estate documents to the board showing that he hadlowered his initial $849,000 asking price to $799,000.
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