BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY CLOSES ON ECONOMIC INCENTIVES PACKAGE FOR REDEVELOPMENT OF DOWLING COLLEGE SHIRLEY CAMPUS

09/21/18

FARMINGVILLE, NY (Sept. 21, 2018)— Frederick C. Braun III, Chairman of the Town of Brookhaven
Industrial Development Agency (IDA) announced that the Agency has closed on a package of economic 
incentives that will assist a new owner redevelop the former Dowling College campus in Shirley into 
an aviation
education and research center.

The incentives, which will assist Triple Five Aviation Industries LLC, of East Rutherford, NJ, 
redevelop the 105- acre Shirley campus, were approved at an IDA meeting on Aug. 29. The campus, 
adjacent to the town-owned Brookhaven Calabro Airport, has 70 dormitory rooms, an athletic complex, 
and an aircraft hangar.

Triple Five’s parent company, Triple Five Worldwide Group, is the developer of the two largest 
indoor shopping malls in North America, including the Mall of America in Minneapolis, and it is 
developing the Great American Mall in the New Jersey Meadowlands and has proposed a new mall in 
Miami, Fla.  On Long Island, Triple Five is partnering with Luminati Aerospace in their attempts to 
purchase most of Riverhead Town’s remaining land at
the Calverton Enterprise Park.

Triple Five said in its application that among the businesses it is hoping to attract to the 
Shirley campus are corporate research and development firms, educational aviation institutions, 
material science training programs and recreational users. It said as many as 50 people could be 
employed at the campus within two years.

Stuart Bienenstock, director of business development for Triple Five, said the company plans to 
spend $2 million in upgrades to the campus.  “Our goal for the site is an industry-university 
research and development center for advanced transportation technology and propel the Long Island 
eco-system and the William Floyd Corridor to a leadership position in advanced technology, similar 
to Silicon Valley,” he said.

“We are eager to again have the former Dowling campus contributing to the town’s economy and Triple 
Five’s
ambitious plan to reinvigorate the campus also could benefit the town-owned airport,” said Braun.

Dowling, whose main campus was in Oakdale, filed for Chapter 11 bankruptcy in 2016.

About the Town of Brookhaven Industrial Development Agency
Since 1971, the mission of the Town of Brookhaven Industrial Development Agency is to improve the 
quality of life for Brookhaven residents by promoting and assisting the growth of businesses who 
support the Town through
capital investment and the creation and retention of jobs. The IDA has issued millions of dollars 
in tax-exempt or taxable bonds and provided assistance through straight lease deals to encourage 
companies to either locate or expand in the Town of Brookhaven. This assistance has been extended 
to companies both large and small, and
has resulted in the direct creation of thousands of jobs for Brookhaven residents. The IDA has 
provided assistance
to a wide range of companies, including Tate's Bake Shop, Amneal Pharmaceuticals, Precision 
International, LI Precast, Uncle Wally's, and Framerica. For more information, visit 
BrookhavenIDA.org or call 631-451-6563.