ACQUISITION OF THE FUEL FACILITY

Board of County Commissioners · 2026-06-16 · resolution

Miami-Dade County Commissioners are considering the acquisition of a fuel facility property on Fisher Island, identified as Parcels 1 and 2, for the continued operation of a fuel facility for PortMiami. The property is currently owned by HRP Fisher Island, LLC and operated by TransMontaigne Terminals, LLC, with operations slated to cease by May 2027 as HRP intends to redevelop the site for residential housing. The County aims to acquire the property through negotiation or eminent domain to ensure a permanent fuel supply for PortMiami, which is a critical economic engine for the region. Appraisals for the property range from $25 million to $430 million. The acquisition will be funded by Seaport Revenue Bonds.