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
The owners of the John Wesley Village III senior apartment complex are seeking Riverhead Industrial Development tax breaks to rehabilitate 92 affordable apartments that were built in 2003.
But a frequent critic of the IDA says the proposal doesn’t create any new permanent jobs, which is one of the criteria for IDA assistance, and doesn’t propose any new structures. He questioned why it’s even being considered for IDA assistance. READ
A group called Calverton Distribution Rte 25 has withdrawn its request for Riverhead Industrial Development Agenda tax incentives on a new 45,000-square-foot PODS building that was already under construction on Route 25 in Calverton, according to IDA chairman Tom Cruso. READ
An 89-year-old building on Second Street best known for housing Dr. Hallock Luce’s former office is being proposed as an “incubator for mental health clinicians.”
In a split vote Monday night, the Riverhead Industrial Development Agency voted 3-1 to give tax incentives to Browning Hotel Properties for a second hotel proposed to be built next to the existing 114-room Hilton Garden Inn on Route 58.
IDA member Dawn Thomas, a former town attorney, cast the lone “no” vote, saying she wanted more time to read information submitted by the applicant. She had asked to table the vote for a future meeting, but the other board members opposed doing so, and proceeded with the vote on the application. (more…)
The Long Island Science Center would move if apartments get built. (Credit: Barbaraellen Koch, file)
Tax breaks for a plan to build an apartment building in the current spot of the Long Island Science Center downtown will be the subject of a public hearing at Riverhead’s Industrial Development Agency meeting tonight.
The hearing will be held at 5 p.m. in Riverhead Town Hall. (more…)
Legislation signed in December by Gov. Andrew Cuomo that made school tax exemptions for available to certain veterans took effect with little advance notice, making it difficult for school boards tasked with deciding whether their districts would participate in the program to make well-researched and educated decisions. (more…)
Skydive Long Island is looking to build a new indoor skydiving facility in Calverton. (Credit: Courtesy)
The Riverhead Industrial Development Agency has approved partial property tax abatements for two new projects planned for the Enterprise Park at Calverton.