DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County is approving a Development Lease Agreement (DLA) with MQ TMB Holdings, LLC for a 310,026 square foot parcel at Miami Executive Airport (TMB). The project involves the development of aviation hangar facilities, taxi lane, and ancillary infrastructure, with a minimum investment of $7,000,000.00. The lease term is 25 years with a one-year renewal option. The County anticipates a projected revenue of $6,372,695.00 over the initial term. The Aviation and Seaport Committee recommended approval with amendments related to expedited permit review. The resolution directs the County Mayor to seek necessary approvals from traffic and consulting engineers and the Federal Aviation Administration.