The source tells GlobeSt.com that the Town has 30 days to decide whether to appeal the decision, which it will do if the parties cannot reach a settlement in the interim. "The Town has 30 days to file notice for an appeal with six months to perfect [it]," the source says. "If the Town files an appeal, Taubman would of course try to get the appeal expedited." The source adds that if this occurs, it could delay construction and the opening date by six months.

This new decision follows the Court's decision on June 11, 2007 which set a 90-day final deadline for the Town to either identify evidence it alleged could justify a demand for a Supplemental Environmental Impact Statement, or else issue the special use permit in compliance with the Court's initial July 8, 2002 Order. At the time, Kieras said that "this matter has gone on long enough and in order to avert future appeals and prolongment of the legal process at taxpayer expense, Taubman would be willing to resume discussions with the town regarding the possibility of settlement of this issue."

Steve Kieras, Taubman's senior vice president of development, says in a prepared release that "this is our 10th straight court victory, and we hope this decision will break through the remaining political roadblocks and finally allow us to build…." According to a recent statement, the proposal will create an economic transformation of the former wire manufacturing complex. Construction of the mall is expected to generate 3,000 to 3,500 jobs in the building trades while pumping nearly a half billion dollars into the county's economy.

After construction, the mall is expected to generate annual salaries of nearly $51 million and nearly $8.6 million in annual real estate tax revenues for the town and county, which includes nearly $4.7 million for the Syosset School District. This equates to almost $700 per student, without adding a single student or any additional costs to the district, according to a statement. In addition, sales taxes are expected to be approximately $30 million annually. "The county's economy is expected to realize a boost of $308 million as a result of the economic activity and nearly 2,000 permanent jobs generated by commerce at the site."

The Court ordered that all parties appear again before the Court at intervals of approximately 90 days, beginning on Sept. 17, 2008, to establish compliance with the orders of the Court. As of Q108, the company has spent $146 million thus far on the project, which is expected to yield 7%. As of the most recent update, the small shop space is 50% leased and 65% committed.