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 a competitive revenue-generating contract, Contract No. EVN0028376, for the Concourse K Concession Program at Miami International Airport, to OTG MIA Venture, LLC. The contract is for the development and management of 17 retail and food and beverage concession spaces encompassing approximately 19,073 square feet in the upcoming Concourse K. The projected revenue is $62,200,000.00 for an initial 11-year term, consisting of two years for construction and nine years for operations, and one, one-year option to renew. The contract is for the Miami-Dade Aviation Department. The final action was on 7/21/2026. The estimated positive fiscal impact to the County for the initial 11-year term is $55,800,000. The concessionaire will provide a percentage fee of 18% for alcohol sales and 12% and 14% for all other retail and food and beverage sales, respectively. The joint venture partnership is comprised of OTG Concessions Management (50%) and KFIT F&B Holdings II, LLC (50%). The vendor principal address is 352 Park Avenue, 10th Floor, New York, NY. The vendor is non-local. The RFP was issued on August 5, 2025, and closed on November 17, 2025, with four proposals received. Three proposals were deemed non-responsive. The item was forwarded to the BCC with a favorable recommendation from the Aviation and Seaport Committee on 7/13/2026 and 7/20/2026. The item was introduced on 6/24/2026. The concourse is expected to be available by 2030. The Living Wage Ordinance applies. The item was sponsored by Danielle Cohen Higgins. No public comment or stakeholder sentiment is stated in the document.