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Panel: Long Island's Future Depends on Affordable Housing

GARDEN CITY, NY-You can't very well respond to a growing economy if you don't have a labor force to choose from. Panelists at a discussion here called for housing reforms to keep talent from drifting away.

By John Salustri | Updated on May 10, 2004

GARDEN CITY, NY-Experts on the fortunes of real estate on Long Island are cautiously optimistic about the creation of new jobs here. But they’re wringing their hands over who’s going to fill them. Those experts, all participants in a recent State of the Real Estate Market panel discussion held at the Garden City Hotel, called for more support of affordable-housing initiatives and a tax structure that would ease up a bit on the working class. The event was sponsored by the Urban Land Institute’s New York District Council.

Scott Rechler, president and CEO of Reckson Associates Realty Corp, stated that he’s “Definitely seeing job growth,” although he admitted that it hasn’t been explosive growth by any standard.

The corporate emphasis on doing more with the same or fewer employees has run its course, he implied: “In the past six to nine months, all employees have been bleary-eyed. Employers are pushing people as hard as they can push them.”

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