The Real Deal Miami

MIA seeks additional funds

May 15, 2008 10:41AM

Years behind schedule and well over budget, Miami International Airport is expected to ask for over $60 million in funds today for construction costs. The airport will seek approval from the Miami-Dade Airport and Tourism Committee to draw from its contingency fund for the improvements to its North Terminal. The project’s projected cost rose by nearly $1 billion to $6.2 billion in late 2006. Originally slated for completion in 2004, it is now expected to be done June 2011.