Luminati unveiled one of its aircraft at an open house several years ago.
Riverhead Town officials met Monday with John Catsimatidis, the billionaire CEO of New York City-based United Refining Energy Corp, to discuss the proposed deal between his company and Luminati Aerospace, which is seeking to purchase about 1,600 acres of land at Enterprise Park at Calverton. READ
Daniel Preston, the CEO of Luminati Aerospace, the firm looking to restart the aerospace industry by purchasing Riverhead Town-owned land at the Enterprise Park at Calverton, was the subject of a lawsuit in 2009 over an alleged job offer from a company offering Mr. Preston a far higher salary than he was being paid at the company he helped create, Atair Aerospace, according to court documents.
Luminati Aerospace CEO Daniel Preston has liens totaling more than $55,000 against him and his company for construction work done at the Enterprise Park at Calverton and other properties, Suffolk County records show.
Three Riverhead Town Board members said Friday they won’t support the Luminati Aerospace sale unless changes are made.
The Town Board had planned to move forward with the $40 million sale of town-owned land at Enterprise Park at Calverton to support Luminati’s plan for building “unmanned aerial vehicles” that can beam wireless internet back to earth.
Amid the pomp and circumstance of Friday’s grand reopening of a hangar at Luminati Aerospace’s Calverton facility — an event that featured bold assertions, a former astronaut on hand and the usual lineup of politicians — a nagging question hung over the site where Grumman once built F-14 jets. READ
Luminati Aerospace will pay Riverhead Town $13,050 to hire surveyors to help draw its own subdivision map of the Enterprise Park at Calverton.
Riverhead Town has already paid consultants more than $500,000 for work since 2011, including devising a new 50-lot industrial subdivision at EPCAL, with the goal of being able to sell the smaller lots individually or in bulk.
Luminati Aerospace LLC, the company in contract negotiations to purchase the remaining acreage at the Enterprise Park at Calverton, publicly displayed some of its manufacturing capabilities Friday to celebrate the reopening of a hangar at the former Grumman site and mark its intentions to rekindle the site’s aviation roots.