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. Adopted by the Board of County Commissioners on 7/21/2026. The concessionaire will provide financing, design, leasing, tenant coordination, construction and property management. 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. Revenue based on percentage fees of 18% for alcohol sales and 12% and 14% for all other retail and food and beverage sales. The vendor is non-local, with principal address at 352 Park Avenue, 10th Floor, New York, NY. The joint venture is comprised of OTG Concessions Management (50%) and KFIT F&B Holdings II, LLC (50%). Three proposals were deemed non-responsive by the County Attorney's Office on 12/22/2025 for failing to submit a revenue proposal. The concourse is expected to be available by 2030. The item is countywide in nature, located within District 6.