Pictured Above: Nader Ghermezian and Stuart Bienenstock of CAT at a 2018 public hearing on the proposed sale.
Calverton Aviation & Technology (CAT), which is in contract to purchase a vast swath of the Riverhead Town Community Development Agency’s Enterprise Park at Calverton, will give a presentation on its plans for the site to the Riverhead Town Board at its Aug. 1 work session, which will start at 8:30 a.m.
The town board last month hired a new legal firm, Lazer, Aptheker, Rosella and Yedid, to represent the town in its negotiations over the $40 million sale of 1,600 acres of land at EPCAL.
CAT plans to redevelop the property, a former Grumman airplane manufacturing plant that had been owned by the U.S. Navy, as an aviation-based industrial park, and has pledged to build at least one million square feet of commercial and industrial space in the next five years and spend no less than $1 million to improve the runways there.
The website RiverheadLOCAL, through a freedom of information request from the New York State Department of Environmental Conservation filed by former Riverhead Councilwoman Barbara Blass, last month made public a 19-page proposal for 10 million square feet of development along the runways at the property, though representatives from CAT told RiverheadLOCAL those plans were not their formal development plans for the site.
We’ll have full coverage from this work session online Aug. 1 at eastendbeacon.com.