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Miami Includes Broward and Palm Beach Counties » Development News



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Old March 14th, 2008, 05:19 PM   #1
mileageman
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Miami International Airport

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Old March 14th, 2008, 05:20 PM   #2
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Old March 14th, 2008, 05:22 PM   #3
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Old March 14th, 2008, 05:24 PM   #4
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Old March 17th, 2008, 02:40 AM   #5
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Quote:
Originally Posted by mileageman View Post
If fuel prices remain at their current levels... El Al will have to reconsider operation of some routes - to Toronto or Miami, for example.

http://www.haaretz.com/hasen/spages/963314.html
They key there is that it states if loads dip under 85%. The load is currently averaging 97.7% year-round. The route is not in danger unless there is a drastic decrease in demand to/from Israel. In addition, at the end of April American Airlines will codeshare on the route, which will help El Al charge higher ticket prices and connect more traffic to Latin America (Isreal-LatAm traffic is high-ticket priced).
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Old March 17th, 2008, 05:43 PM   #6
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Old March 17th, 2008, 05:45 PM   #7
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Old March 20th, 2008, 10:05 PM   #8
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Cathay Pacific will begin cargo service to Miami on 1 September 2008, the third Asian cargo airline at MIA, joining Korean Air and China Airlines. They will operate three cargo flights a week between Hong Kong and Miami.

In addition, LAN Cargo will begin cargo service between Miami and Shanghai in early 2009, coinciding with delivery of their first 777 freighters.
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Old March 21st, 2008, 12:59 AM   #9
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Wow were getting lots of asian cargo flights. Cant wait to see CX at the cargo terminal at MIA what aircraft will they be using the 742F or 744F? Its only a matter of time until we start seeing passenger service to Asia.
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Old March 21st, 2008, 03:10 AM   #10
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Thats what i was about to ask, Miami seriously needs more flights to Asia.
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Old March 23rd, 2008, 02:28 AM   #11
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Quote:
Originally Posted by MAH45462 View Post
Cathay Pacific will begin cargo service to Miami on 1 September 2008, the third Asian cargo airline at MIA, joining Korean Air and China Airlines. They will operate three cargo flights a week between Hong Kong and Miami.

In addition, LAN Cargo will begin cargo service between Miami and Shanghai in early 2009, coinciding with delivery of their first 777 freighters.
Nice news, nice to see more Asian presence in Miami. Thanks for the updates.
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Old March 24th, 2008, 11:54 PM   #12
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Excuse me for this question but,i was in MIA yesterday and i saw that the A terminal was closed,and i ask to you miami people why do the authorities build a new terminal and closed this one if it was very useful,the terminal B also was closed long time ago.What other terminal are they going to close(despite it's usefulness).Don't understand the waste of money.Pardon my ignorance if theyalready have plans on A.
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Old March 25th, 2008, 12:26 AM   #13
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In order to complete the North Terminal quicker they decided to close Concourse A. Otherwise they would have to be constantly deviating passengers, utilities, planes etc. Concourse A-D are going to be one massive terminal called the North Terminal. I think it was a smart idea to close it and finish it sooner.
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Old March 25th, 2008, 04:50 AM   #14
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^ Yup, no pain no gain.... Just like the road construction around the airport... It's so painful now but it's going to be great in the end.

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Hooray for Cathay Pacific! Those guys rock! Wish they could send actual flights... get some hong kongese folk up here!
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Old March 25th, 2008, 04:54 AM   #15
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Speaking of which, they should be finishing the road construction in and around LeJeune Rd in the next couple of months. Then this Summer, they'll start construction on the new Metrorail station to MIA.
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Old March 25th, 2008, 05:02 AM   #16
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Well this thread is lonely without some pictures so ill post these up - took these a few days ago...







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Old March 25th, 2008, 05:24 AM   #17
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nice pictures,hoping the best 4 the future of MIA!!!
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Old March 26th, 2008, 12:48 AM   #18
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From today's Miami Herald

Posted on Tue, Mar. 25, 2008

Miami airport wants $1 billion to renovate

BY INA PAIVA CORDLE
Miami airport wants $1 billion to renovate
Miami International Airport is looking for a developer to invest up to $1 billion to construct and renovate properties, in what would be its most ambitious public-private investment program.

Four main parcels would compose the 41-acre project, which includes renovating the existing 259-room hotel; adding a new upscale hotel with up to 600 rooms; building a convention center or shopping center; creating a service plaza with a gas station, convenience store and dry cleaner -- plus spending up to $200 million to pay for road improvements and to relocate airport staff to another building.

''It's no secret whatsoever that our bonding capacity is pretty well maxed out, yet we have a lot of needs,'' Miami-Dade Aviation Director José Abreu told a roomful of attendees at a workshop Tuesday. ``What's better than private industry to help us with that?''

Nearly 50 developers, architects and hotel operators attended the public-private investment workshop, to provide final input before the county puts out an invitation to bid or negotiate on the project.

The airport still need approvals from the county manager and the Airport and Tourism Committee before putting the package out for bids private investors. The goal is to have the committee's approval in June or July, so the County Commission can approve it before its August break.

Timing is critical because the Florida Department of Transportation may pay $50 million toward airport roadway improvements, which would have to be matched with $50 million from a developer. The airport has until this fall to show FDOT it has a commitment for the matching funds.

But several potential bidders Tuesday were skeptical that the project could generate enough revenue to make an investment of up to $1 billion feasible.

``Miami-Dade Aviation is asking developers for a $200 million investment for roads, and to move administrative offices, just to gain access, then to invest in the facilities and pay rent, said Gonzalo Cortabarría, Miami-based project manager for Hines, a Houston-based real estate company that developed the downtown Wachovia Center, among other buildings. ``I think it is a bit of a stretch.''

He said the airport ``has to cut down its needs and desires and be more realistic.''

Carlos Flores, president of Miami-based CMF International Group, also said he thought it would be difficult to generate a viable return on investment.

''We have to come up with a formula that will work,'' Flores said. ``What we're hearing here poses that challenge.''

Among the other hurdles the project entails: keeping the existing hotel open during renovations; relocating an airport police station, sewage pump houses, maintenance shop and warehouses to allow for redevelopment; renovating a 30-year-old building to consolidate Miami-Dade Aviation employees; and creating an extra stop on the MIA mover, a rail link that will connect the new Miami Intermodal Center with MIA.

At the same time, the project's value alone outpaces any other. Miami-Dade Aviation's two largest public-private investments to date, at Opa-locka Executive Airport, each involved about a $150 million investment, said Miguel Southwell, Miami-Dade Aviation's assistant director of business retention and development.

Now, the airport's goal is to craft its proposal so that it will attract bidders. It's turning to private investors because its financial advisors have cautioned the airport that it has reached its capacity to borrow money, due to the increased cost -- to $6.2 billion -- for MIA's capital improvement program.

''We're not sure everything we propose is doable -- that is why you're here, to tell us what is doable,'' Abreu told the audience.

In the past, MIA hasn't always been successful in seeking investment.

In 2003, it asked developers, architects and brand hoteliers to spend millions to renovate its aging hotel, run it as an upscale franchise, and pay millions in operating profits. Not one company offered a proposal.

One developer, who teamed with Hyatt Hotels, had said the county's terms were too inflexible and onerous, and the logistics of constructing a hotel amid a functioning airport too difficult. Others opted not to bid when they realized the project -- which could have cost $13 million to $20 million, by one estimate -- was not financially feasible.

Southwell said he is optimistic that this time bidders will bite on the whole package.

The reason: the airport is leaving open for developers to propose the length of the lease, when lease payments will begin and the minimum annual guaranteed payment.

''Flexibility on the terms,'' Southwell said after the meeting. ``That is the theme, really, that makes it different from the previous hotel proposal.''
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Old March 26th, 2008, 01:01 AM   #19
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Sounds intresting and needed but will construction ever stop in MIA.
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Old March 26th, 2008, 03:15 PM   #20
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It looks nice but I don't see it happening with the current deal. $200 Million just for the privilege of building a hotel on their land is a bit steep. You could buy an entire block on south beach for that and build your hotel there.

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Miami-Dade Aviation is asking developers for a $200 million investment for roads, and to move administrative offices, just to gain access, then to invest in the facilities and pay rent
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