DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County Board of County Commissioners adopted a Resolution 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 agreement, for a term of 25 years with a five-year renewal option, is for 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 County anticipates an estimated $6,372,695.00 in projected revenue over the initial term. 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 development will occur in two phases, with Phase 1 completion expected within 36 months and Phase 2 within 60 months of the DLA execution. The agreement is subject to conditions precedent, including approvals from traffic and consulting engineers and the Federal Aviation Administration (FAA). The County's Department of Regulatory and Economic Resources (RER) has committed to expediting permit reviews.