DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County approved a Development Lease Agreement (DLA) with MQ TMB Holdings, LLC for a 310,026 square foot parcel at Miami Executive Airport. The project involves developing aviation hangar facilities, taxi lanes, and ancillary infrastructure with a minimum investment of $7,000,000.00. The lease term is 25 years with a five-year renewal option. The County anticipates projected revenue of $6,372,695.00 over the initial term. The development will occur in two phases, with the first phase including hangars, office space, and infrastructure, and the second phase including an FBO terminal and additional hangars. The agreement includes provisions for noise abatement and community benefits such as fuel donations to George T. Baker Aviation Technical College. The approval is subject to conditions precedent, including approvals from traffic and consulting engineers and the Federal Aviation Administration (FAA).