Riverhead Industrial Development Agency

A Suffolk Supreme Court judge tossed out all but one of CAT's claims over the $40 million EPCAL deal.

The Riverhead IDA accepted a revised application resetting the PILOT timeline for 205 Osborn and a tenancy application for a Hanover Bank branch on the ground floor of the building.

RIDA Chair James Farley said Tracy Stark-James' retirement took effect last month. She held the post for nearly 15 years.

The Riverhead Industrial Development Agency approved the amended application of Scott's Pointe's operator on Monday, deciding to continue the company’s tax benefits despite the company violating its agreement with the agency last year.

Under a five-year license agreement ratified by the Town Board Tuesday, the Riverhead IDA will have non-exclusive use of the building at 55 Columbus Avenue.

Riverhead Town has been billed more than $160,000 by a Hauppauge law firm hired to defend the town and the Riverhead IDA in a lawsuit seeking to enforce a $40 million land deal at the Calverton Enterprise Park.

The state Authorities Budget Office reviewed the Riverhead IDA's website and found it did not comply with the Public Authorities Law's requirements for online disclosures. The IDA also did not comply with the Open Meetings Law for committee meetings, the ABO said.

Scott’s Pointe in Calverton is expected to generate 80% fewer full-time jobs, and 55% fewer part-time jobs, than the amusement park’s owner originally stated, according to its revised application to the Riverhead Industrial Development Agency.  

Legislation requiring industrial development agencies to have school district and labor union representatives on their governing boards was vetoed by Gov. Kathy Hochul last week. 

As the Riverhead IDA warns G2D Group about potential default in agreement with the agency, the Huntington developer's legal woes continue to grow.