Featured Story
08/17/18 5:06pm

Calverton Aviation & Technology has provided Riverhead Town with the additional financial information it promised, including three letters from financial institutions who are willing to finance construction and updated renderings showing the first phase of construction, according to Stuart Bienenstock, the director of business development for Triple Five Group, which is the majority owner of CAT. READ

Featured Story
08/03/18 7:09pm
08/03/2018 7:09 PM

Calverton Aviation & Technology has responded to a 4 p.m. deadline imposed by Riverhead Town to notify officials whether it would submit additional financial information in regard to its proposal to purchase 1,640 acres of town-owned land at Enterprise Park at Calverton, according to Riverhead Supervisor Laura Jens-Smith and Stuart Bienenstock of Triple Five, the majority owner of CAT. READ

Featured Story
07/17/18 10:53pm
07/17/2018 10:53 PM

A split Riverhead Town Board said Tuesday that it will require Calverton Aviation & Technology to submit a more detailed analysis of its finances before voting on their proposal to buy 1,640 acres of town-owned land in Calverton for $40 million. (more…)

Featured Story
07/05/18 11:34am
07/05/2018 11:34 AM

All five Riverhead Town Board members voted no Tuesday on a resolution to change the requirements in the town’s qualified and eligible sponsor regulations regarding the submittal of financial information, but their reasons for doing so varied. READ

Featured Story
07/03/18 6:00am
07/03/2018 6:00 AM

While the Riverhead Town Board is still waiting on a recommendation from its ethics board as to whether Councilwoman Jodi Giglio must recuse herself from voting on the proposal to sell 1,640 acres of town land in Calverton to Calverton Aviation and Technology, another ethics complaint has been filed against her for many of the same reasons. READ

Featured Story
06/27/18 6:11pm
06/27/2018 6:11 PM

A proposal to waive the section of Riverhead Town’s “qualified and eligible sponsor” law requiring an applicant to prove it has the finances to complete a proposed project led to a heated argument among officials at Wednesday’s Town Board work session. READ

05/23/18 6:00am
05/23/2018 6:00 AM

Triple Five Group, which owns a controlling interest in Calverton Aviation & Technology, the company that’s hoping to buy 1,640 acres of town-owned land at Enterprise Park at Calverton for $40 million, is now hoping to start another aviation business nearby. (more…)

Featured Story
05/09/18 12:00pm
05/09/2018 12:00 PM

As the Riverhead Town Board gets closer to making a decision on Calverton Aviation and Technology’s proposal to buy 1,640 acres at the Enterprise Park at Calverton for $40 million, a group of civic and environmental organizations is urging them not to make that deal. READ