By  on February 12, 2009

Taubman Centers Inc. put a price tag on its failed bid to build a high-end Long Island mall in Syosset, N.Y., and it stretched to nine figures.

The real estate investment trust said Wednesday that it had taken an impairment charge of $115.9 million to cover its unfulfilled plan to build The Mall at Oyster Bay. An appellate division judge this month reversed a New York State Supreme Court decision ordering the town of Oyster Bay to issue a special permit for the facility.

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