Calverton Aviation & Technology faces a May 20 deadline to decide if it will moving forward with the purchase of 1,643 acres of land from Riverhead Town for $40 million. After that, many of the next steps are up to the town, according to Frank Isler, the attorney representing the town on the Enterprise Park at Calverton sale. (more…)
Triple Five has replaced its director of business development and point person on the $40 million sale of 1,643 acres at the Enterprise Park at Calverton, according to Riverhead Supervisor Laura Jens-Smith, who said she requested the change in the wake of a report by RiverheadLocal revealing that Stuart Bienenstock was convicted in 2016 in a New Jersey court of forging documents in a real estate transaction. (more…)
Calverton Aviation and Technology has now formally requested a 90-day extension of the 90-day “due diligence” period that was called for in the agreement to buy 1,643 acres of land from Riverhead Town for $40 million. READ
Calverton Aviation and Technology has made a $500,000 initial deposit within the time frame called for in the agreement of sale between CAT and Riverhead Town, according to Supervisor Laura Jens-Smith.
CAT is proposing to purchase 1,643 acres of land from the town at the Enterprise Park at Calverton for $40 million. READ
While Riverhead Town officials have said for much of the past few years that the state Department of Environmental Conservation will only allow about 600 acres to be developed at the Enterprise Park at Calverton, Supervisor Laura Jens-Smith said there is no mention of any development cap in the contract to sell 1,643 acres of town-owned land at EPCAL to Calverton Aviation & Technology. READ
As the long-awaited votes were cast last week to determine whether Calverton Aviation & Technology can proceed with the purchase of 1,640 acres of land at the Enterprise Park at Calverton, town leaders accurately described it as the biggest decision they’re likely to make in their current roles. More than one speaker, in addition to the elected officials, noted the effect this decision will have on their children and grandchildren. READ
The Riverhead Town Board last week voted 3-2 in favor of a resolution to find Calverton Aviation & Technology qualified and eligible to purchase the approximately 1,600 acres of town-owned land at Enterprise Park at Calverton.
So what happens now? READ
After months of deliberating, the decision is in: The Riverhead Town Board has voted in favor of Calverton Aviation & Technology as being qualified and eligible to purchase approximately 1,640 acres of town-owned land at Enterprise Park at Calverton. READ