CONCOURSE K CONCESSION PROGRAM AT MIA

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

The document is a legislative item for the award of a competitive revenue-generating contract, Contract No. EVN0028376, for 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 $62,200,000.00 for an initial 11-year term, consisting of two years for construction and nine years for operations, and one, one-year option to renew. The final action was Adopted on 7/21/2026. The applicant is OTG MIA Venture, LLC, a joint venture partnership comprised of OTG Concessions Management (50%) and KFIT F&B Holdings II, LLC (50%). The case/file number is 261157, with reference R-655-26. The resolution authorizes the County Mayor or designee to execute the agreement. The concession spaces will consist of 11 food and beverage concessions and 6 retail concessions. The projected revenue is based on the vendor providing a percentage fee of 18% for alcohol sales and 12% and 14% for all other retail and food and beverage sales, respectively. The estimated positive fiscal impact for the initial 11-year term is $55,800,000. The concession spaces are expected to be available by 2030. The document does not state a specific street address for the project. The document does not state public comment or stakeholder sentiment.