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Biz Nearby: Mall Wars

Business news from around the region.

An aerial shot of the old Cerro Wire Property.
An aerial shot of the old Cerro Wire Property.
A judge will soon rule on Taubman Properties' suit challenging the Town of Oyster Bay's right to sell 53 acres of former Cerros Wire land in Syosset, according to Newsday.

Residents voted 2-1 in August to allow the Town to sell the land for $32.5 million in order to thwart Taubman's plan to develop it into a luxury mall. Read more here.

The suit is in the court of State Supreme Court Justice W. Gerald Asher, who is expected to make a ruling sometime soon. 

Taubman attorney Ronald J. Rosenberg of Garden City told Newsday that Oyster Bay "does not have the legal authority to sell any of its property that is not surplus. The property that the town is trying to sell is undeniably, at this point in time, not surplus." 

Forest Hills Business Closes

Aminence, a clothing store on Austin Street in Forest Hills has closed for business.

The store, located at 72-32 Austin St., had a 'For Sale' in the window on Tuesday and numerous packed boxes could be seen inside the store.

Third Annual Film Fest

The third Gold Coast International Film Festival kicks off Oct. 21, with a lineup of films, parties and panels.

This year’s weeklong event puts the spotlight on comedy, with Susie Essman (HBO’s “Curb Your Enthusiasm“ honored at a benefit gala at The Space in Westbury on Oct. 23.

The festival has drawn 15,000 attendees in the past, and has been a boon to the film industry on Long Island, officials said. 


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