The Riverhead Town Board on Thursday withdrew a proposal to hire an outside law firm to look into the town’s contract with Triple Five Group and Luminati Aerospace after complaints from some board members about the way the firm to be voted on was chosen.
Days after hiring an outside law firm to help collect unpaid runway use agreement fees and unpaid false alarm fees owed to the town by Luminati Aerospace, the Riverhead Town Board is also considering hiring a second outside attorney to look into whether the town’s contract with Calverton Aviation and Technology for the proposed sale of land at the Enterprise Park at Calverton has been violated.
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