Miami International Airport To Spend $1.45 Billion On Improvements Over The Next Three Years

Miami International Airport is about to begin $1.45 billion worth of short term improvements over the next three years.

Some of the improvements will include a post-security connector between Concourse E and F, new hardstands and apron areas, cargo facilities, and other projects designed to improve efficiency.

The airport is no longer calling the project a Terminal Optimization Program (as it did in a 2016 presentation), because it includes both terminal and non-terminal areas, such as cargo facilities, according to airport spokesperson Greg Chin.

Long term, the airport is preparing for a multibillion-dollar capital improvement program that would include: the modernization of concourses E, F and G; a new airport hotel; expansion and improvements to the South and North terminals; and additional cargo facilities. Those plans still haven’t been finalized and could be years away, and must also be approved by county commissioners.

A presentation on the capital improvement program will be made to commissioners within the next few months.

To fund the short term construction program, the airport will sell $760 million worth of bonds in early 2019.

Ahead of the bond sale, credit rating agency Moody’s revised MIA’s outlook to positive from stable, citing better than forecast traffic and revenue growth and lower than expected cost per enplanement.

MIA is the largest US gateway for Latin America and the Caribbean, the third largest international enplaned passenger airport and the number one cargo airport in the US, the Moody’s reports stated.

 

PreviouslyWhy Miami International Airport Should Build A Grand Departure Hall On Underutilized Land

 

The short term improvement program as seen in a 2016 presentation (plans have since been revised). Long term, the Central Terminal could be demolished and rebuilt:

 

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Anonymous

I’m looking forward to seeing some of the improvements. Miami International Airport is growing faster than ever before. Well done Miami!

Anonymous

The numbers tell a different story.

2017 44,071,313
2016 44,584,603

You would be an excellent journalist. You’re very talented in creating fake news.

Anonymous

You mean an excellent Trump impersonator, right? Inventing numbers, inventing facts… sound familiar? 🙂

Anonymous

I was watching CNBC today and Trump said “Stock market has gone up hundreds and hundreds of percentages since I took office”. Lmaoo dude needs math lessons. And someone also needs to remind him that he managed to fuk up our beautiful bull market last year -first negative year since the financial crisis smh…

Get over it

Be sure to account for 312,000 new jobs just last month alone, +2.65 million new jobs once taking office..

Anonymous

He wants a cookie? Since 2010 there has been over a dozen times were monthly increases were higher than 300. Only two of those belong to Trump. And he only managed those two times because of his unnecessary fiscal stimulus that will ruin our future.

Anonymous

When an airport shuts down for a week due to storms and Brazil traffic collapses, things happen. 2018 was a record year.

Polo

By the time they finish the Central terminal we all be DEAD.

Anonymous

By that time, the Southern Terminal and Concourse J will have aged badly to require demolition, compared to how well the Central Terminal has fared for sixty years.

Polo

Dude, what do you have against the Concourse J? You probably lost the contract to build the terminal. Concourse J is a beautiful concourse and it’s not aging badly!

Anonymous

Can’t wait for the platinum lounge expansion to be finished.

Anonymous

Thanks.. can they start on gate E

Anonymous

it takes a billion dollars to do some sprucing at the airport??? seems like for that price we should be able to tear it down and rebuild it bigger.

Anonymous

Renovating an airport while still in use is always much more expensive.

Anonymous

Does not make any sense. It will be more expensive to demo and rebuild, and it will take forever. Nobody wants to use a half-build airport for an extended period of time. Also, airport will lose so much money due to interrupted services and so do the MIA jobs.

Anonymous

Airport, terminals (cruise, port, trains) are all considered “living-infrastructure” meaning they are meant to outgrow their current capacities and will require addendum (additions) to these buildings as populations grow and traffic grows as well. They are never meant to be knocked down completely due to ageing — See JFK terminal NY (Eero Sarinen) in the same manner that old European cities are layers upon layers of history and change (Rome). The cost of knocking it down does not make fiscal sense when considering the billions of dollars this airport generates yearly. These infrastructure type projects do require many billions of dollars invested due to the shear technicality involved in its design. (speaking from experiences having designed a portion of MIA) — from an expansive network of conveyor systems below channeling all the luggage — to highly sensitive equipment able to detect bombs and other dangerous materials all happening below your feet as you check into your next flight. These systems of protection are necessary to ensure the safety of both passengers and the buildings we inhabit as well. This of an airport as a supercomputer — you don’t toss the thing out when it becomes dated — you simply add… Read more »

Anonymous

Thank you “Knowledge Sharing Miamian”. That was an informative post. I guess when everybody uses a certain facility, there are so many opinions, but you eloquently stated the facts.

Miami Hurricane

A2 bond rating from Moody’s, not too shabby

William

Bonds are the new “habit” of big fat organizations that require more fiscal oversight. Wish the voters/people realized that the true cost of borrowing with bonds is through the roof. Kind of like a borrowing cash from a cc company.

Anonymous

How about a real connection between the transit center and the airport instead of the long, hot, walk through the parking garage.

crickets…

Anonymous

You mean the 2 minute ride MIA Mover which has been open for years…?

Anonymous

have you ever been there? you have to walk through the parking garage and then hot, un air conditioned walkways to the terminal. 10+ minute walk from the mia mover.

Anonymous

I think the OP is referring to the furnace-like pedestrian bridges from the terminal bldg to the MIA Mover. No HVAC and in August they are a literal blast furnace.

Anonymous

Power in the E gates that you have to take a train to would be a good start

Anonymous

It seems that these kinds of projects are no less than a billion dollars nowadats and when its all said and done the changes arent as large as one would think considering the cost

Anonymous

Why’s everyone bashing on Miami International Airport for renovating their airport? Which do you think is better? Modifying the airport with newer and simpler technology, or for them to keep the same piece of art? Why demolish and replace them with new terminals? How’s Miami going to build bigger and newer buildings? Where are they going to have the space to do those things? Let’s be realistic, & it’s going to take longer to get everything constructed if they go down that path. In collusion, I believe Miami International Airport has bright plans for the future and I also believe that Miami will grow at a stable rate in terms of passenger and cargo volume.

Anonymous

From now and so forward, I believe that the airport is going to grow.

Anonymous

Don’t say this and that about the idea of Miami’s strategic plans if you’re not going to be honest about it or if you’re going to say something that’s negative. Appreciate what the airport has done all these years.

Anonymous

Because there’s nothing like traveling through one beautiful, efficient airport after another in Europe only to come home to MIAShithole airport.

Anonymous

On the contrary, MIA has a very good standing and reputation among US airports. Despite being landlocked, the facilities are amazing. Others try to compete by rebuilding new airports (like NOLA, Kansas, Charlotte, Orlando). From how many airports in Europe have you ever flown?

Anonymous

STOP! Move MIA to homestead and build the homestead rail! Free up our 1k footers!!!

Anonymous

Worst. Suggestion. Ever.

Anonymous

Size isn’t everything

Anonymous

“Size isn’t everything” Only little guys say that.

Anonymous

Terrible idea!

Anonymous

There was a plan to do this back in the 60’s/70’s (not Homestead, but in the everglades):

“Begun in 1968 as the Everglades Jetport (also known as Big Cypress Jetport), the airport was planned to be the largest airport in the world, covering 39 square miles with six runways, and connected to both central Miami and the Gulf of Mexico by an expressway and monorail line.”

https://en.m.wikipedia.org/wiki/Dade-Collier_Training_and_Transition_Airport