Luminati Aerospace

Several technology and aviation companies expressed interest in working at EPCAL with Triple Five at the hearing, including a Maglev technology developer and a start-up designing rockets to launch miniaturized satellites into space.

Riverhead Town today posted online numerous documents submitted by attorneys for Triple Five Realty/Calverton Aviation and Technology.

Principals of Triple Five, his partner in the joint venture, sought to minimize Preston's importance in the project. "He has nothing to do — he has no say — he has no power, no nothing,” Triple Five chairman Nader Ghermezian stood up and told the board. Preston's longtime lawyer Robert Hasday blamed his client's absence on 'a hatchet job of an article' published on RiverheadLOCAL yesterday.

Our year-long investigation into Daniel Preston’s past uncovered little to back up his most outlandish claims – just a long trail of disappointed former partners, fabricated success stories and broken deals that ended up in court. Column by Denise Civiletti

The lawsuit, which sought to set aside a letter of intent between the town and Luminati Aerospace, became moot when the defendants conceded the letter of intent is no longer valid, according to the attorney for sPower. The town is free to entertain better offers than the current $40 million bid.

Councilwoman Jodi Giglio is calling for the immediate termination of Luminati's runway use agreement because she says the Calverton company has not provided a $5,000,000 liability insurance policy to the town.

The public hearing on the proposed purchase of 1,643 acres of land at the Calverton Enterprise Park by an aviation startup company will be held on Feb. 27 beginning at 7 p.m.

The public hearing on the proposed sale of more than 1,640 acres of land at the Calverton Enterprise Park, which was postponed by the town board two weeks ago “until further notice” will be rescheduled at the next town board meeting, Supervisor Laura Jens-Smith said.

In November 2015, Luminati Aerospace and the Town of Riverhead signed an agreement requiring Luminati to pay annual rent of $40,000 for exclusive rights to the 10,000-foot runway. Here's how that's worked out. Guest opinion column by Larry Simms

The private meetings, held without public notice, were held yesterday by the supervisor and town board members at town hall, which was closed by the blizzard.