"It would be the death-knell of a very promising economy," he predicted. He charged that major corporations, already finding it difficult to attract qualified workers due to tight labor supply in the region, would pack up and move away.

Jepsen was a speaker at Insignia/ESG's 2nd Annual Real Estate Forecast Breakfast held at the Westchester Country Club.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.