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 and one, one-year option to renew. The status is Adopted, with final action 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 document does not state a specific street address for the project, only that it is at Miami International Airport. The zoning or use change is not stated. The document does not include public comment or stakeholder sentiment. The business opportunity is the development and management of 17 concession spaces (11 food and beverage, 6 retail) in Concourse K at MIA, including financing, design, leasing, tenant coordination, construction, and property management, with projected revenue of $62,200,000.00 over the initial term.