DLA WITH CR AVIATION LEASING, LLC

Board of County Commissioners · 2026-07-21 · resolution

Miami-Dade County Board of County Commissioners approved a Development Lease Agreement (DLA) with CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport. The project involves the development of aviation hangar facilities and ancillary infrastructure, with a minimum investment of $4,000,000.00. The lease term is 30 years with a five-year renewal option. The County anticipates receiving an estimated $5,188,663.00 in rent and other revenue over the initial term. The project includes phased construction, with Phase 1 completion within 18 months and Phase 2 completion within 36 months of the DLA execution. The agreement is subject to approval from MDAD's traffic and consulting engineers, and the Federal Aviation Administration (FAA). Public comment is not stated in the document.