Miami International seeks partner for $1 billion project

Miami International seeks partner for $1 billion project

Miami International Airport said it is looking for a developer to invest up to $1 billion to build and renovate airport properties, the Miami Herald reported today.

   The ambitious public-private project would cover a 41-acre site, renovate an existing 259-room hotel, add a 600-room upscale hotel, build a convention center or shipping center and create a service plaza, as well as spend $200 million for road improvements and to relocate airport staff.

   Miami-Dade Aviation Director Jose Abreu presented the proposal to nearly 50 developers, architects and hotel operators at a public-private investment workshop Tuesday.

   The airport will need approval from the county manager and Airport and Tourism Committee before putting out the project to bids. The airport aims for committee approval this summer so the County Commission can vote on it before it's August break.

   The timing is critical, the Herald reported, because the Florida Department of Transportation could provide $50 million in matching funds toward the airport roadway improvements.