CONCOURSE K CONCESSION PROGRAM AT MIA

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

The Board of County Commissioners adopted Resolution R-655-26, File Number 261157, approving the award of Contract No. EVN0028376, the Concourse K Concession Program at Miami International Airport, to OTG MIA Venture, LLC. The contract covers 17 retail and food and beverage concession spaces totaling approximately 19,073 square feet in the upcoming Concourse K. Projected revenue is $62,200,000 for an initial 11-year term (two years for construction, nine years for operations) and one one-year option to renew. The concessionaire will provide financing, design, leasing, tenant coordination, construction, and property management. The contract was recommended by the Aviation and Seaport Committee on July 13, 2026, and adopted by the Board on July 21, 2026. The estimated positive fiscal impact for the initial 11-year term is $55,800,000. The vendor is non-local, with a principal address of 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 other proposals were deemed non-responsive by the County Attorney's Office for failing to submit a revenue proposal. The Living Wage Ordinance applies. The concourse is expected to be available by 2030. The item is located in District 6, represented by Commissioner Natalie Milian Orbis, but the impact is countywide. No public comment or stakeholder sentiment is stated in the document.