Search
 

Town Board Approves $1.5B Resort Project

RIVERHEAD, NY-Riverhead Resorts can now move forward with the engineering and environmental work for its proposed multiple-themed destination resort plan.

By Natalie Dolce | Updated on January 03, 2008

RIVERHEAD, NY-Riverhead Resorts LLC contract with the town here was approved, following consideration of the draft contract and the Qualified and Eligible Sponsor evaluation in which the Riverhead Town Board determined it has the financial capability and qualifications to develop its proposed $1-billion to $1.5-billion project. The proposed project is a multiple-themed destination resort plan for the 755-acre former Grumman property designated by Riverhead Town on the Enterprise Park Calverton. The town approval authorizes the town supervisor to sign the contract negotiated with Riverhead Resorts over the past several months.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.