Calverton Aviation & Technology has provided Riverhead Town with the additional financial information it promised, including three letters from financial institutions who are willing to finance construction and updated renderings showing the first phase of construction, according to Stuart Bienenstock, the director of business development for Triple Five Group, which is the majority owner of CAT. READ
A split Riverhead Town Board said Tuesday that it will require Calverton Aviation & Technology to submit a more detailed analysis of its finances before voting on their proposal to buy 1,640 acres of town-owned land in Calverton for $40 million. (more…)
All five Riverhead Town Board members voted no Tuesday on a resolution to change the requirements in the town’s qualified and eligible sponsor regulations regarding the submittal of financial information, but their reasons for doing so varied. READ
Triple Five Group, which owns a controlling interest in Calverton Aviation & Technology, the company that’s hoping to buy 1,640 acres of town-owned land at Enterprise Park at Calverton for $40 million, is now hoping to start another aviation business nearby. (more…)