other material
confidence high
sentiment positive
materiality 0.65
Gyrodyne receives unanimous preliminary subdivision approval for Flowerfield property from Smithtown Planning Board
Gyrodyne, LLC
- Town of Smithtown Planning Board granted preliminary subdivision approval on March 30, 2022, subject to conditions including stormwater plan and SEQRA findings.
- SEQRA findings resolution established thresholds for sanitary discharge, traffic, cleared area, and vegetation for future development.
- Next phase requires final approvals from Suffolk County, NY State DOT, and final subdivision map from Smithtown.
- Company will continue marketing Flowerfield as nine subdivided lots or consider offers for whole property or the company.
- Approval follows over four years of public comment and environmental reviews.