DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County is approving a Development Lease Agreement (DLA) with MQ TMB Holdings, LLC for a 310,026 square foot parcel of land at Miami Executive Airport. The project involves the development of aviation hangar facilities, taxi lane, and ancillary infrastructure, with a minimum investment of $7,000,000.00. The lease term is 25 years with a one-year renewal option. The project includes a fixed-base operator (FBO) terminal, aircraft hangars, fuel facilities, concession areas, parking, maintenance and repair space, and a flight training school. The County anticipates projected revenue of $6,372,695.00 over the initial term. The Aviation and Seaport Committee recommended approval with amendments related to expedited permit review. The resolution is pending final approval from the Board of County Commissioners.