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.
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…)
The cost of the Calverton Sewer District upgrade is now about $3 million more than it was estimated three years ago, but officials say they have received several grants to cover most of the costs.
Rates for construction materials and equipment have risen since that time, according to sewer district attorney Richard Ehlers, who gave an overview of the project at last Thursday’s Town Board work session. Its estimated price tag is now at $10.56 million. READ
The proposed sale of Riverhead Town land at the Enterprise Park at Calverton has been a hot topic since 1998, when the town first sold nearly 500 acres of the industrial core at EPCAL to developer Jan Burman for $17 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