Calverton Enterprise Park

Council members Tim Hubbard, Jodi Giglio and John Dunleavy say the town should cancel the letter of intent Riverhead Town signed with Luminati Aerospace in April.

At a press conference this morning at the Calverton Enterprise Park, Laura Jens-Smith accused Sean Walter of keeping information about the Luminati deal from the public and even from his fellow town board members.

There are too many unanswered questions about the big land deal at the Calverton Enterprise Park.

Riverhead has a new set of rules to follow for determining whether a prospective purchaser of land at the Calverton Enterprise Park is “qualified and eligible” under New York State General Municipal Law.

Facing criticism over how they’re going about the massive land deal with Luminati Aerospace, Riverhead Town officials will seek additional outside help vetting the...

Riverhead Supervisor Sean Walter said today he has signed the letter of intent with Luminati Aerospace for the sale of nearly all of the town’s remaining acreage at the Calverton Enterprise Park for $40 million.

Riverhead will sign a letter of intent to begin formal negotiations with Luminati Aerospace on the sale of most of its remaining land at the Calverton Enterprise Park for $40 million.

Luminati will pay the town $40 million cash for the town's remaining acreage at the Calverton Enterprise Park, where it will build commercial and military ultralight unmanned aircraft.

After five-and-a-half years and more than $600,000, Riverhead Town is at last in the home stretch of a long, difficult and sometimes contentious process of subdividing, zoning and marketing the remaining land it owns at the former Grumman plant in Calverton.

Luminati's ultralight aircraft, capable of perpetual flight — being developed to bring internet connectivity to unserved regions of the world — also has "obvious" military applications for intelligence, surveillance and reconnaissance purposes. The company, now readying to move into a much larger facility at EPCAL, will seek defense contracts, its founder said.