Even if this is overturned in Appellate court there will be fall out and the poor saps of NYC and NYS will be hardest hit.
Prediction
NYC begs President Trump's sons to come back and invest in projects in NYC to show NYC is open for business. They will likely give them favorable loan guarantees and favorable tax discounts. All to show the rest of the investment community they have learned their lesson and will leave the business community alone.
My prediction is they will triple down on stupidity plus mendacity.