DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County Board of County Commissioners is considering a Development Lease Agreement (DLA) with MQ TMB Holdings, LLC for a 310,026 square foot parcel of land at Miami Executive Airport (TMB). The agreement, for a term of 25 years with a one-year renewal option, involves the development of aviation hangar facilities, taxi lane, and ancillary infrastructure. MQ TMB Holdings, LLC is required to make a minimum investment of $7,000,000.00. The project is expected to generate an estimated $6,372,695.00 in revenue for the County over the initial term. The development will occur in two phases, with Phase 1 construction to be completed within 36 months of DLA execution and Phase 2 within 60 months. The agreement includes provisions for noise abatement and community benefits, such as fuel donations to George T. Baker Aviation Technical College. The Aviation and Seaport Committee recommended approval with amendments related to expedited permit reviews. The resolution is before the Board of County Commissioners.