Peconic Care was granted Riverhead Industrial Development Agency tax incentives Monday, but they were not as extensive as requested.
Instead, the developers of the proposed addiction research and treatment facility at the Enterprise Park at Calverton will get a 12-year payment in lieu of taxes deal, which means they will pay taxes on only the land value for the first two years of construction, 2018-19 and 2019-20. The land assessment is currently $1,147,200. READ
The owners of the John Wesley Village III senior apartment complex saw their request for Riverhead Industrial Development Agency tax incentives shot down Monday.
It’s extremely rare for the IDA to issue a flat-out rejection of an application that’s gone before the group at a public hearing. READ
On Thursday the Riverhead Industrial Development Agency was the latest government entity invited to meet with the Riverhead Town Board and new Supervisor Laura Jens-Smith.
North Fork Brewery received approval Monday from the Riverhead Industrial Development Agency to operate a tasting space in the west side of the former firehouse on East Second Street. There, it will join Long Beard Brewing Company, which already occupies the building’s east side. READ
The developer of a new 45,212-square-foot PODS (Personal On Demand Storage) facility next to the Riverhead Charter School on Route 25 in Calverton is asking Riverhead’s Industrial Development Agency for tax incentives worth $628,188.
Members of the Flanders, Riverside and Northampton Community Association raised concerns Monday about tax abatements issued by Riverhead Town’s Industrial Development Agency for businesses in the Riverhead School District, which incorporates the three Southampton Town hamlets as well as a portion of Brookhaven Town.
The Riverhead Board of Education voted Tuesday to create a board subcommittee to keep track of tax abatements granted to new businesses by the Riverhead Industrial Development Agency.
The developers of a proposed addiction research and treatment center at the Enterprise Park at Calverton are the latest group seeking tax incentives from the Riverhead Industrial Development Agency. READ