Officials from Riverhead Town and the Riverhead School District reached a compromise with Suffolk County Community College over property tax abatements granted by the Suffolk County Industrial Development Agency to the culinary school building in downtown Riverhead. 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
Island Exterior Fabricators is seeking extensive tax incentives from the Riverhead Industrial Development Agency, as well as zoning variances from Riverhead Town, to enable it to remain and expand at the Enterprise Park at Calverton, where it manufactures prefabricated building exteriors.
The company, which has more than 300 employees, is asking the IDA for full property tax abatements for 15 years on three EPCAL properties at EPCAL where they want to expand. READ
After two Riverhead “opportunity zones” were approved by the U.S. Department of the Treasury in June, the town Industrial Development Agency and Community Development Agency hosted a workshop Wednesday at Hotel Indigo to share more information on how the program works. READ
The Riverhead Town Board appointed James Farley of South Jamesport last week to fill the vacancy on the town Industrial Development Agency left by the resignation of former member Larry Simms, who moved to Pittsburgh. READ
Larry Simms’ brief tenure as a member of the Riverhead Industrial Development Agency has come to an end.
Mr. Simms, an outspoken critic of the IDA who was appointed to the board earlier this year, submitted his letter of resignation. READ
Riverhead Industrial Development Agency member Larry Simms commuted to Monday’s IDA meeting — from Pennsylvania.
Mr. Simms recently sold his home in South Jamesport, where he was registered to vote in Riverhead Town, and moved to Pittsburgh, Pa. 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