The 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
After farming in Jamesport for four generations, the Zaweski family has decided to open a store in downtown Riverhead.
Should a business that has received tax abatements pay back the public if it doesn’t meet its projected goals?
The Riverhead Industrial Development Agency unanimously approved a measure Monday allowing Robert James Salon to move into a new, smaller, location in the former Woolworth building on the north side of downtown Main Street. READ
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
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
On behalf of the board of directors of the Riverhead Industrial Development Agency (IDA), I am pleased to provide the members of the Riverhead community with an update on the activities undertaken by the RIDA in support of the growth and vitality of our local economy.
For ordinary citizens concerned with rising taxes, last week’s supervisor debate brought breathtaking explanations from incumbents about the Industrial Development Agency and its impact. READ