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12/17/18 5:48am
12/17/2018 5:48 AM

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

12/14/18 5:53am
12/14/2018 5:53 AM

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

Featured Story
12/08/18 6:00am
12/08/2018 6:00 AM

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

Featured Story
08/16/18 4:00pm

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

Featured Story
02/08/18 5:59am
02/08/2018 5:59 AM

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