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The cost of foreclosures on Long Island

"Your local stores and your restaurants start to suffer...The taxes become a greater burden to them," Glen Cove Mayor Ralph Suozzi tells Newsday's Ellen Yan. The point is that foreclosures and the housing crisis have a "trickle-down economy." Read the full report here.

Posted by Valerie Kellogg on November 28, 2007 6:35 PM |

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