DLA WITH CR AVIATION LEASING, LLC

Board of County Commissioners · 2026-07-21 · resolution

The Miami-Dade Board of County Commissioners adopted Resolution R-611-26 (File Number 261253) on 7/21/2026, approving a Development Lease Agreement between the County and CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport. The lease is for 30 years with one five-year renewal option. The project involves the demolition of Buildings 109, 109A, and 109B and construction of a 40,000 square foot aviation hangar with associated pavement, office space, and infrastructure. The minimum investment is $4,000,000.00, with an estimated $5,188,663.00 in rent and other revenue over the initial term, plus $1,620,000.00 in improvement rent, totaling $6,808,663.00. The resolution directs the County Mayor to seek approval from traffic and consulting engineers and the Federal Aviation Administration as conditions precedent. The Aviation and Seaport Committee forwarded the item with a favorable recommendation on 6/8/2026, with an amendment adding 'whereas' clauses about RER's dedicated permitting staff and expedited review timeframes. The item was introduced on 7/7/2026 and adopted on 7/21/2026. The project is expected to create approximately 225 temporary jobs and 25 permanent jobs. CR Aviation will establish an Apprenticeship Readiness Pipeline with George T. Baker Aviation Technical College. The project will be completed in two phases, with Phase 1 construction completion within 18 months and Phase 2 within 36 months of the execution date. The land was valued at $2,600,000.00. The document states no public comment or stakeholder sentiment beyond the committee amendment.