DLA WITH CR AVIATION LEASING, LLC

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

The Board of County Commissioners adopted Resolution R-611-26, File Number 261253, approving a Development Lease Agreement between Miami-Dade County and CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport. The lease is for a 30-year term with one five-year renewal option. The project involves the demolition of Buildings 109, 109A, and 109B and the 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. The resolution directs the County Mayor to seek approval from traffic and consulting engineers and the Federal Aviation Administration. The final action was adoption on July 21, 2026. The Aviation and Seaport Committee forwarded it with a favorable recommendation on June 8, 2026, with an amendment adding 'whereas' clauses about RER's dedicated permitting staff and expedited review timeframes. 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 County will receive $1,620,000.00 in improvement rent, for a total projected revenue of $6,808,663.00.