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South Florida

Soffer family wants $5M bond for airport expansion project

Turnberry Airport Holdings is planning a $28M project at Opa-Locka airport

Jeffrey Soffer and Fontainebleau Aviation
Jeffrey Soffer and Fontainebleau Aviation

The Soffer family is requesting a $5 million bond grant to expand its jet center at Miami Opa-Locka Executive Airport.

Turnberry Airport Holdings is seeking approval of the grant from Miami-Dade County’s Economic Development and Tourism Committee on Thursday and then from the county commission in April. The billionaire family would use the county bond for a $27.6 million project at the airport, where it leases 41.4 acres, according to the South Florida Business Journal.

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Turnberry’s project calls for a 30,000-square-foot hanger and 57,000-square-foot executive and maintenance office for Fontainebleau Aviation. The county bond money would be used to pay for the public infrastructure.

The billionaire family’s aviation company would have to meet certain job creation requirements to receive the grant, the newspaper reported. It generated $17.7 million in revenue in 2016, an amount projected to increase to $26 million in 2020 with the expansion. [SFBJ] – Katherine Kallergis

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Commercial Real EstateTurnberry Associates