Featured Story
04/07/16 3:00pm
04/07/2016 3:00 PM

Riverhead IDA signThe Riverhead Industrial Development agency will have a busy meeting next month, when two large downtown apartment projects are scheduled to make presentations and the board also decides the fate of a controversial hard cider distillery’s request for IDA benefits.  READ

Featured Story
01/12/16 11:36pm
01/12/2016 11:36 PM

Larry Simms held his own meeting in the hallway after the IDA wouldn't let him speak at theirs Monday

The Riverhead Industrial Development Agency voted unanimously at a special meeting Tuesday to grant tax incentives for a proposed restaurant and boutique hotel on East Main Street and for an additional 10-year tax abatement at the Long Island Aquarium.

That part of the meeting took about 10 minutes. The dispute that followed lasted nearly an hour.  READ

01/04/16 10:26pm
01/04/2016 10:26 PM

Rendering of the Preston House with five story hotel, front view.

Without tax incentives from the Riverhead Industrial Development Agency, the Long lsland Aquarium in downtown Riverhead would pay close to $1 million a year in taxes and would not be able to stay open, according to Bryan DeLuca, the executive director of Atlantis Holdings, the company that owns the complex containing the aquarium, the Hyatt Place hotel, Treasure Cove Marina and Jerry and the Mermaid. READ