The Riverhead Industrial Development Agency reopened a public hearing Oct. 5 on a proposed 94‑room Peconic River Hotel seeking PILOT, sales‑tax and mortgage‑tax exemptions; residents pressed the board for full disclosure of the 20‑year pilot's total cost and the IDA said it will post a draft pilot schedule and hold a second hearing.

At a June 10 special town board hearing in Riverhead, J. Petraelli Riverhead Town Square LLC and consultants presented a five‑story, 94‑room Tapestry by Hilton hotel and site plan; public comment focused on parking arrangements, public‑benefit commitments under the master development agreement and requests for clearer fiscal and utility commitments. The public record stays open for 10 days.