Featured Story
03/08/18 5:59am
03/08/2018 5:59 AM

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

Featured Story
01/09/18 4:08pm
01/09/2018 4:08 PM

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

Featured Story
08/08/17 12:00pm
08/08/2017 12:00 PM

The developer of a 114,090-square-foot Marriott Residence Inn under construction on the west end of Route 58 across from Tanger Outlet Center is expecting the cost of the project to increase from $26,849,775 to $32,681,960, in part because of plans to install a new traffic signal on the western end of the property that will allow cars leaving the hotel property to turn east.

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Featured Story
08/01/16 7:35pm
08/01/2016 7:35 PM

The Long Island Science Center building on West Main Street will be demolished. Photo by Tim Gannon

Peconic Crossing, a 45-unit, five-story “workforce housing” apartment building proposed on West Main Street, will get a 100 percent property tax abatement on the value of the improvements for 10 years, under a decision made by the Riverhead Town Industrial Development Agency Monday.  READ

12/12/15 12:00pm
12/12/2015 12:00 PM

Downtown Riverhead

The Riverhead Industrial Development Agency, which grants tax abatements “to attract new businesses to Riverhead and help existing Riverhead businesses expand their operations and remain in Riverhead,” according to the organization’s mission statement, has come under heavy scrutiny over the past several years.  READ