If you’ve followed the Riverhead Industrial Development Agency over the years, you may feel like it’s never voted down anything.
In a split vote Monday night, the Riverhead Industrial Development Agency voted 3-1 to give tax incentives to Browning Hotel Properties for a second hotel proposed to be built next to the existing 114-room Hilton Garden Inn on Route 58.
IDA member Dawn Thomas, a former town attorney, cast the lone “no” vote, saying she wanted more time to read information submitted by the applicant. She had asked to table the vote for a future meeting, but the other board members opposed doing so, and proceeded with the vote on the application. (more…)
Locked in a dispute over the amount of fees Peconic Bay Medical Center should pay the Riverhead Industrial Development Agency due to a change in the hospital’s IDA financial assistance — a debate that amounted to a difference of $114,631 versus $2,500 — the two sides went behind closed doors Friday and emerged with a compromise that will end up with the hospital paying $35,000 in IDA fees.
The IDA, which grants tax incentives to lure new businesses to Riverhead Town, can also issue tax-exempt bonding for nonprofit agencies like hospitals. It funds its own budget by charging fees to the businesses it helps. How those fees are determined is spelled out in a schedule of fees available on the IDA website.
The Riverhead Town Board discussed Nile Rodgers Productions’s proposed two day “Freak Out Let’s Dance” music festival on Martha Clara on Aug. 4 and 5 at its work session Thursday and vowed to quickly approve the needed permits. (more…)
A five-story apartment building planned for the Long Island Science Center site went from market-rate “luxury” apartments to “workforce housing” affordable apartments earlier this year.
The plans have now seen another change. (more…)
Tax breaks for a plan to build an apartment building in the current spot of the Long Island Science Center downtown will be the subject of a public hearing at Riverhead’s Industrial Development Agency meeting tonight.
The hearing will be held at 5 p.m. in Riverhead Town Hall. (more…)
The Riverhead Industrial Development Agency has set a public hearing to discuss approving tax breaks for “Peconic Crossings,” an apartment complex proposed for the Long Island Science Center’s building located in downtown Riverhead.
Peconic Crossings is the new name for the proposed 48-unit rental housing plan previously called “Blue River Estates.”
The latest proposal was created under a joint partnership between Community Development Corporation of Long Island (CDCLI), a nonprofit group; and Conifer Realty, a Rochester-based real estate development and management company.
The IDA voted Monday night to schedule the Peconic Crossings hearing for Dec. 1 at 5 p.m. in Town Hall.