CONCOURSE K CONCESSION PROGRAM AT MIA

Aviation and Seaport Committee · 2026-07-13 · resolution

The Board of County Commissioners adopted Resolution R-655-26, File Number 261157, approving the award of Contract No. EVN0028376, the Concourse K Concession Program at Miami International Airport, to OTG MIA Venture, LLC. The contract is for the development and management of 17 retail and food and beverage concession spaces encompassing approximately 19,073 square feet in the upcoming Concourse K. The projected revenue is $62,200,000 for an initial 11-year term (two years for construction and nine years for operations) and one, one-year option to renew. The concessionaire will provide financing, design, leasing, tenant coordination, construction, and property management. The final action was taken on July 21, 2026. The item was introduced on June 24, 2026. The Aviation and Seaport Committee forwarded it to the Board with a favorable recommendation on July 13, 2026. The estimated positive fiscal impact for the initial 11-year term is $55,800,000. The vendor is non-local with a principal address of 352 Park Avenue, 10th Floor, New York, NY. The joint venture is comprised of OTG Concessions Management (50%) and KFIT F&B Holdings II, LLC (50%). The concession spaces are expected to be available by 2030. The RFP was issued on August 5, 2025, and closed on November 17, 2025. Three proposals were deemed non-responsive. The concession program will consist of 11 food and beverage concessions and 6 retail concessions. The Living Wage Ordinance applies. The item is located within District 6, represented by Commissioner Natalie Milian Orbis, but the impact is countywide. No public comment or stakeholder sentiment is stated in the document.