CONCOURSE K CONCESSION PROGRAM AT MIA

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

Resolution approving award of Contract No. EVN0028376, Concourse K Concession Program at Miami International Airport, to OTG MIA Venture, LLC, with projected revenue of $62,200,000.00 for an initial 11-year term and one, one-year option to renew. The contract covers development and management of 17 concession spaces (11 food and beverage, 6 retail) encompassing approximately 19,073 square feet in the upcoming Concourse K. The concessionaire will provide financing, design, leasing, tenant coordination, construction and property management. The resolution was adopted by the Board of County Commissioners on 7/21/2026. The estimated positive fiscal impact for the initial 11-year term is $55,800,000; with the one-year option, cumulative value is $62,200,000. The vendor is a joint venture of OTG Concessions Management (50%) and KFIT F&B Holdings II, LLC (50%). The project supports MIA's Modernization in Action initiative. The concession spaces are expected to be available by 2030. The County Mayor or designee is authorized to execute the agreement, but cannot approve changes in concession concepts from those specified on pages 75-125 of the OTG Proposal (The Miami Experience by OTG) or from any proposed subcontractor for which OTG included a Letter of Intent, without prior Board approval.