Calverton Aviation & Technology

Calverton Aviation & Technology's attorney said in September his client hoped to gain approval from the IDA by the end of 2022 or early in 2023. Five months later, it's not clear whether the IDA's vetting process has even begun.

Luminati Aerospace owner Daniel Preston, 52, died at his home in Little Falls, New York on Thursday, Jan. 12. Luminati is part owner of a join venture with Triple Five called Calverton Aviation & Technology, which is in a $40 million land deal with the Town of Riverhead.

Riverhead IDA's own legal counsel in federal court filings accuses Triple Five principals, including two men involved in the Calverton land deal, of using a shell company with no assets and no records to dodge personal liability.

The proliferation of massive warehousing and logistics buildings proposed in Calverton alone can forever change our town's landscape. With development, there are no do-overs.

Plans for 14 drag racing events at the Calverton Enterprise Park next year gained special event approvals from the Riverhead Town Board Tuesday night.

Calverton Aviation & Technology is walking back its presentation to the Riverhead Industrial Development Agency last month, maintaining that the plans unveiled at the IDA meeting did not depict an air cargo logistics hub at the Calverton Enterprise Park.

The joint IDA benefits application of Calverton Aviation & Technology and the Riverhead Community Development Agency for the development of the Calverton Enterprise Park has been made public by the Riverhead Industrial Development Agency.

The clock is ticking as an important deadline looms in the $40 million land deal with a Triple Five affiliate at the Calverton Enterprise Park. The company must have a complete application for benefits filed and accepted by the Riverhead Industrial Development Agency by Sept. 24.

The Riverhead Town Board today approved transfer of the town’s land holdings inside the Calverton Enterprise Park to the Riverhead Industrial Development Agency, pursuant to an agreement reached between the town and its contract vendee, Triple Five affiliate Calverton Aviation and Technology.

Triple Five has agreed to move forward with the town’s proposal to involve the Riverhead Industrial Development Agency in the $40 million EPCAL land deal, Supervisor Yvette Aguiar announced this afternoon.