DLA WITH CR AVIATION LEASING, LLC

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

Miami-Dade County Board of County Commissioners is considering a Development Lease Agreement (DLA) with CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport. The project involves developing 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 a minimum of $5,188,663.00 in rent and other revenue over the initial term. The Aviation and Seaport Committee recommended approval with amendments related to expedited permit reviews. The project includes demolition of existing buildings and construction of a 40,000 SF hangar. CR Aviation will also implement a workforce development program. The DLA is subject to conditions precedent, including approval from traffic and consulting engineers and the Federal Aviation Administration (FAA).