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12/05/17 3:05pm
12/05/2017 3:05 PM

A group called Calverton Distribution Rte 25 has withdrawn its request for Riverhead Industrial Development Agenda tax incentives on a new 45,000-square-foot PODS building that was already under construction on Route 25 in Calverton, according to IDA chairman Tom Cruso. READ

05/24/15 6:00am
05/24/2015 6:00 AM
The owner of 30 West Main, pictured on the left, is hoping to bring in tenants next door where Allied Optical Plan currently does business. (Credit: Barbaraellen Koch)

The owner of 30 West Main, pictured on the left, is hoping to bring in tenants next door where Allied Optical Plan currently does business. (Credit: Barbaraellen Koch)

Two business owners that have received Industrial Development Agency tax breaks in the past were back for more — but on different projects — at a recent IDA meeting. (more…)

05/06/15 2:00pm
05/06/2015 2:00 PM
Mike Harrigan, chairman of the Wading River Fire District commissioners, speaks at Tuesday's town board meeting. (Credit: Tim Gannon)

Mike Harrigan, chairman of the Wading River Fire District commissioners, speaks at Tuesday’s town board meeting. (Credit: Tim Gannon)

A proposal to eliminate the section of the Riverhead Town Code that divvies up false alarm fines 70-30 between the local fire districts and the town was opposed by one fire district and supported by another at a public hearing on Tuesday. (more…)

03/06/15 8:28pm
03/06/2015 8:28 PM
Peconic Bay Medical Center representatives (left) met with Riverhead IDA officials Friday evening. (Credit: Tim Gannon)

Peconic Bay Medical Center representatives (left) met with Riverhead IDA officials Friday evening. (Credit: Tim Gannon)

Locked in a dispute over the amount of fees Peconic Bay Medical Center should pay the Riverhead Industrial Development Agency due to a change in the hospital’s IDA financial assistance — a debate that amounted to a difference of $114,631 versus  $2,500 — the two sides went behind closed doors Friday and emerged with a compromise that will end up with the hospital paying $35,000 in IDA fees.

The IDA, which grants tax incentives to lure new businesses to Riverhead Town, can also issue tax-exempt bonding for nonprofit agencies like hospitals. It funds its own budget by charging fees to the businesses it helps. How those fees are determined is spelled out in a schedule of fees available on the IDA website.

(more…)