DLA WITH CR AVIATION LEASING, LLC

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

Miami-Dade County Board of County Commissioners approved a Development Lease Agreement (DLA) with CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport. The project involves the development of aviation hangar facilities and ancillary infrastructure, with a minimum investment of $4,000,000.00. The lease term is 30 years with a five-year renewal option. The County anticipates receiving an estimated $5,188,663.00 in rent and other revenue over the initial term. The project includes phased demolition of existing buildings and construction of a 40,000 SF hangar. CR Aviation will also implement an Apprenticeship Readiness Pipeline in collaboration with George T. Baker Aviation Technical College. The approval is subject to conditions precedent, including approvals from MDAD's traffic and consulting engineers, and the Federal Aviation Administration (FAA). The Aviation and Seaport Committee forwarded the resolution with a favorable recommendation after an amendment addressing expedited permit review processes.