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.
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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