Calverton Enterprise Park

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.

Construction loan creditors have sued a Triple Five affiliate to collect $389 million on a defaulted loan agreement. The debt was one piece of $1.7 billion in private construction financing for the American Dream mall in New Jersey.

Here's a rundown of actions taken at the Feb. 7 Riverhead Town Board meeting: approvals for two five-story buildings downtown, agreement for paintball at the Calverton Enterprise Park, hearings set on codes aimed at making downtown more family-friendly and more.

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.

Eastern Fence is proposing a 60,000-square-foot building on Scott Avenue where it will fabricate PVC fencing using material manufactured at its existing facility in the park. Hildreth Real Estate Advisors is proposing a 70,000-square-foot warehouse on an adjacent site.

The modified Mustang was going 75-80 mph when the driver lost control and crashed into the concrete barrier, jumping the wall and overturning. He was airlifted to Stony Brook with non-life-threatening injuries.

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.

The Calverton Enterprise Park will fill the need for a regional air cargo logistics hub on Long Island, representatives of Calverton Agency & Technology told the Riverhead IDA in a presentation last night.