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Riverhead Industrial Development Agency

Market-rate apartment developer makes pitch for IDA benefits

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The developer cited positive economic impacts of the proposed market-rate rental apartment building, including increased tax revenues, foot traffic and increased downtown commerce.

Riverhead development projects and Riverhead IDA earn regional awards

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Two recent development projects in Riverhead Town, along with the Riverhead Industrial Development Agency were honored last week by the Long Island Business News at the media company's Real Estate, Architecture and Engineering Awards.

IDA grants nearly $4 million in financial assistance to Calverton manufacturer

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After Island Exterior Fabricators declined a financial assistance package approved by the Riverhead Industrial Development Agency earlier this month, the board convened a special meeting Friday afternoon to increase its the property tax abatement offered by more than $1 million over 15 years.

Riverhead seeks to fill vacancy on IDA after resignation of most recent appointee

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The town needs to fill a vacancy left by the resignation of board member Larry Simms, who resigned this month after just four months in the position.

After he moves out of state, newest IDA board member’s eligibility to serve is called into question

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Larry Simms, an outspoken critic of the Riverhead IDA whose appointment in February touched off controversy, has sold his house in South Jamesport and moved to Pittsburgh, Pennsylvania. Legal counsel to the IDA said the board member's move out of state created an immediate vacancy on the IDA board.

New IDA board member: Agency should focus on reuse of vacant buildings

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The Riverhead Industrial Development Agency’s newest member has proposed forming a task force with Riverhead Town officials to concentrate on redevelopment of vacant buildings in the town.

IDA critic takes his seat at the table, votes against first two applications before him

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In short order, new IDA member Larry Simms cast two “no” votes on resolutions approving applications pending before the agency: an new application for IDA benefits from Twin Fork Beer Company and an application for a modification of a prior approval granted to a doctor’s office on Roanoke Avenue.

Outspoken IDA critic appointed to its governing board

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Councilman Tim Hubbard broke ranks with his party today, joining with the board's two Democrats to support the appointment of Larry Simms, an outspoken critic of the Riverhead Industrial Development Agency to that body’s governing board.

Town board considers, then shelves, a resolution appointing an outspoken critic to the Riverhead IDA board

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A resolution appointing Larry Simms of South Jamesport to an IDA board of directors term ending Dec. 31, 2021 was pulled from consideration so that additional applicants could be interviewed.

Riverhead IDA approves benefits for addiction research and treatment facility, denies John Wesley Village application

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The Riverhead Industrial Development Agency yesterday approved financial assistance including a 10-year partial property tax abatement for Calverton Addiction and Treatment, developers of Peconic Care, a 130-bed addiction research and rehabilitation facility proposed for the Calverton Enterprise Park.
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