Calverton Enterprise Park

Calverton Aviation and Technology representatives are scheduled to return to a Riverhead Town Board work session on Oct. 17 to update the board on the company's development plans for the Calverton Enterprise Park.

This year marks the 20th anniversary of the “Great Grumman Giveaway” election campaign of Republicans running for town board in 1999 on the platform that the Democratic majority in office had sold off the town’s most valuable asset for a song.

"We are looking to transform the economy of the East End and one day this region could be recognized as the Silicon Valley of the east. It's a big goal, but it starts with a first step." Chris Kent, attorney for Calverton Aviation and Technology, laid out the company's vision for the Calverton Enterprise Park in general terms at Thursday's town board work session.

Representatives from Calverton Aviation and Technology will make a public presentation to the town board at its Aug. 1 work session, following the town board's closed-door meeting with its special counsel this morning to discuss its rights under the contract of sale with CAT, an affiliate of Triple Five Group.

A drag strip on Long Island would be a “catalyst for economic development and positive growth,” according to a national motorsports group in a report released yesterday.

There are a number of troubling questions that the town board should get answered as quickly as possible about the pending sale to Calverton Aviation and Technology.

The board put off for two weeks action on an environmental analysis of a revised subdivision that would create two lots totaling 1,643.8 acres for sale to Calverton Aviation and Technology.

Luminati Aerospace owes the Town of Riverhead tens of thousands of dollars in past-due runway rent, false alarm fees and real property taxes, according to Riverhead Town records.

Luminati Aerospace, an owner of the company in contract to buy 1,643 acres of vacant land at the Calverton Enterprise Park, is facing eviction from the manufacturing building it leased at the enterprise park and is being sued by a principal investor for alleged default on a $10 million promissory note and mortgage in its real property and equipment at the industrial park.

The Riverhead Town Board will vote on the Calverton Aviation and Technology “qualified and eligible sponsor” application on Wednesday evening, Nov. 7 at a special meeting to be convened at 6 p.m.