Atlantis Holdings was granted an exemption Monday on sales tax resulting from two projects it plans at the Long Island Aquarium and Hyatt Place hotel. READ
Tag: atlantis holdings
Representatives of Atlantis Holdings, which owns the Long Island Aquarium and the Hyatt hotel in downtown Riverhead, sought to make a case that they have benefited the downtown area and have paid their share of taxes during a public hearing Monday before the Riverhead Industrial Development Agency. READ
Atlantis Holdings, which owns Long Island Aquarium and the adjacent Hyatt Place East End, is seeking a new tax break from the Riverhead Industrial Development Agency.
This time, Atlantis is requesting sales tax exemptions on a two-part project that involves general repairs to the aquarium and renovations at the hotel, as well as buying a combined heat and power unit, which serves as both a heater and an absorption chiller, depending on the season. READ
Riverhead Town and Atlantis Holdings are both looking to benefit from a Connecticut company’s plan to possibly build fuel cells on a portion of the town parking lot adjacent to Atlantis’ Long Island Aquarium.
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
Atlantis is looking at its options to redevelop this property. (Credit: Tim Gannon)
The company that owns the Long Island Aquarium and the Hyatt Hotel in downtown Riverhead is looking to restore a dilapidated 113-year-old building it recently purchased across the street instead of tearing it down.