CONCOURSE K CONCESSION PROGRAM AT MIA

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

Miami-Dade County Board of County Commissioners is considering the award of a competitive revenue-generating contract for the Concourse K Concession Program at Miami International Airport (MIA). The contract, number EVN0028376, is recommended for award to OTG MIA Venture, LLC. The project involves the development and management of 17 concession spaces (11 food and beverage, 6 retail) totaling approximately 19,073 square feet within the upcoming Concourse K. The projected revenue to the Miami-Dade Aviation Department (MDAD) is $62,200,000.00 over an initial 11-year term, with one one-year option to renew. The term includes two years for construction and nine years for operations. The Concessionaire will be responsible for financing, design, leasing, tenant coordination, construction, and property management. The contract is expected to generate an estimated positive fiscal impact of $55,800,000 for the initial 11-year term, potentially reaching $62,200,000 with the renewal option. The Living Wage Ordinance applies. The RFP was issued August 5, 2025, with four proposals received by November 17, 2025. Three proposals were deemed non-responsive due to failure to submit a revenue proposal. Negotiations concluded May 5, 2026. Concourse K is expected to be available by 2030. No public comment is stated in this document.