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
The former 21st Century Oncology building on Route 58 in Riverhead was sold in April for $7.5 million after the Riverhead Town Industrial Development Agency granted the property owner tax breaks two years ago.
Blackman Plumbing on West Main Street is looking to expand. (Credit: Barbaraellen Koch)
After plans to expand its Riverhead location in 2010 stalled, Blackman Plumbing on West Main Street is once again looking to build a new 40,000-square-foot building.
On Monday, two Blackman representatives appeared before the Riverhead Industrial Development Agency to describe the project and schedule a public hearing sometime in the next two months. (more…)
The Hampton Jitney’s bus terminal and maintenance facility. (Credit: Tim Gannon)
The Riverhead Industrial Development Agency on Monday allowed Hampton Jitney to delay a 10-year partial property tax abatement on its Edwards Avenue bus terminal and maintenance facility for one year because the project isn’t completed yet.
The Riverhead Industrial Development Agency meeting that had been scheduled for 5 p.m. tonight, Monday, has been rescheduled due to the snow. (more…)