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NEW YORK CITY-Conversation groups who are against suburbanexpansion have found the slump in real estate as a right time topurchase land at a cheap rate from distressed developers and banks.However, the real estate slump is accompanied by financialcrunches, which has led to governments cutting short on funds forland preservation.

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In New York, the funds for land preservation was reduced by 65%to just $28.4 million. The story is almost the same in New Jerseytoo. For the full story, go to Wall Street Journal.

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