Riverhead Industrial Development Agency

Calverton Aviation & Technology is walking back its presentation to the Riverhead Industrial Development Agency last month, maintaining that the plans unveiled at the IDA meeting did not depict an air cargo logistics hub at the Calverton Enterprise Park.

Riverhead IDA’s legal counsel, charged with the due diligence review of Calverton Aviation and Technology’s application for IDA benefits, has represented a Triple Five subsidiary in connection with its American Dream mall in New Jersey.

The developer of a proposed wholesale propane facility and industrial office building on Kroemer Avenue has withdrawn its Riverhead Industrial Development Agency application for financial assistance and will likely downsize its project, after the IDA previously declined to grant the developer’s requested 10-year, 100% enhanced real property tax abatement.

The Calverton Enterprise Park will fill the need for a regional air cargo logistics hub on Long Island, representatives of Calverton Agency & Technology told the Riverhead IDA in a presentation last night.

In response to a resident's question during a civic association meeting Saturday, Supervisor Yvette Aguiar told a downtown civic group that the Riverhead Industrial Development Agency does not grant property tax abatements. New developments are taxes as construction is completed, she said.

The joint IDA benefits application of Calverton Aviation & Technology and the Riverhead Community Development Agency for the development of the Calverton Enterprise Park has been made public by the Riverhead Industrial Development Agency.

The Riverhead IDA postponed action on a Kroemer Avenue propane facility after Fisher Organization manager Ray Dickhoff asked the IDA to reconsider its decision to grant a 50% property tax abatement rather than the 100% abatement the applicant sought.

The developer of a wholesale propane distribution facility and an industrial building on the south end of Kroemer Avenue is seeking 100% property tax abatements for 10 years.

The Riverhead Industrial Development Agency yesterday approved financial assistance for the developer of a 37-unit apartment building with street-level offices to be built at the corner of Osborn Avenue and Court Street.

Four would-to-be tenants for the ground floor space of Riverview Lofts presented their businesses to the Riverhead Industrial Development Agency, including a “selfie studio," a Mexican restaurant, a new ice cream shop with a Mexican flair and a fitness studio.