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 is expected to generate an estimated $6,372,695.00 in revenue to the County over the initial term. The development will include a fixed-base operator (FBO) terminal, aircraft hangars, fuel facilities, concession areas, parking, maintenance and repair space, and a flight training school. The agreement is subject to conditions precedent, including approvals from traffic and consulting engineers and the Federal Aviation Administration (FAA). The Aviation and Seaport Committee recommended approval with amendments related to expedited permit review. Public comment is not stated in this document.