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Front Page » Real Estate » Expressways sell land to speed Miami International Airport growth

Expressways sell land to speed Miami International Airport growth

Written by on October 18, 2022
  • www.miamitodayepaper.com
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Expressways sell land to speed Miami International Airport growth

The Miami-Dade Expressway Authority has authorized the sale of 5.3 acres to the county’s Aviation Department for a $10.1 million tag price. The terrain is to be used as a construction staging area for the Capital Improvement Program of Miami International Airport.

The operation is yet to be approved by county commissioners, likely in early 2023, Greg Chin, communications director for the Aviation Department, told Miami Today. “The land purchase was approved by the MDX Board of Directors yesterday (10/11), so MDAD will now prepare a recommendation for approval by the Board of County Commissioners,” he wrote.

The authority (MDX) initially was going to use the land for the State Road (SR) 836 / SR 112 Interconnector, which was aimed to provide a connection from Miami International Airport to SR 112. Nonetheless, the project was deemed no longer viable in 2017.

As a result, the Aviation Department reached put to MDX to buy the properties. The Capital Improvement Program of the airport was approved by commission back in 2019 to fund up to $5 billion in modernization projects over the next five to 15 years.

Through the program, the airport would prepare its facilities for future growth in passenger and cargo traffic, projected to reach 77 million travelers and more than 4 million tons of freight by the year 2040, according to projections by the Aviation Department.

Many airlines have recently announced their return, expansion, or beginning of service at the airport, including Alaska Airlines, SKY Airline Peru, GOL, Royal Air Maroc and TUI fly, among others.

The airport has been historically trying to expand its footprint to accommodate the projected expansion, although not much land is available in its surroundings.

As a result, the county has decided to shift to vertical developments, and approve negotiations with CR USA Airport Management Inc. and AIRIS USA LLC to construct the “Vertically Integrated Cargo Community” that is to nearly double cargo capacity in less than five years.

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