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Miami Airport Reveals Major $600M Improvement Plans

Miami Airport Reveals Major $600M Improvement Plans

Newsweek28-05-2025
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
Miami International Airport has announced major improvement plans worth $600 million.
The Miami-Dade County Board of Commissioners has approved the construction of a new concourse known as Concourse K, according to MIA officials.
Why It Matters
The $600 million Concourse K project is a key part of the airport's $9 billion "Future-Ready Modernization in Action" plan, which aims to accommodate rising travel demand in Miami, one of the top holiday destinations in the United States.
The expansion is projected to facilitate up to 77 million annual passengers and 5 million tons of cargo by 2040. It will be MIA's first terminal expansion in nearly two decades. In 2024, the airport processed a record 56 million passengers and over 3 million tons of cargo.
What To Know
The new Concourse K, which will be built at MIA's South Terminal, was designed to address growing demand and outdated infrastructure.
The concourse will feature six new contactless gates, two baggage make-up carousels, a ground support equipment maintenance facility, an updated aircraft apron equipped with a jet fuel hydrant system, and modifications that directly connect the Central and South Terminals for enhanced baggage handling.
Renderings of Concourse K at Miami International Airport.
Renderings of Concourse K at Miami International Airport.
Miami International Airport
Building firm Lemartec-NV2A JV, LLC, was selected as the project's general contractor, while Miami-based Perez & Perez Architects Planners will serve as the lead architect. The project is targeting LEED Silver certification, indicating a focus on sustainability and energy efficiency.
The Miami-Dade County Board of County Commissioners approved the $600 million contract after reviewing competing bids. After notice to proceed, construction is expected to last approximately four years, with project completion scheduled for spring 2029.
This schedule aligns with planned enhancements across the airport, including the modernization of the Central Terminal and improvements to passenger flow for international arrivals.
What People Are Saying
Miami-Dade County Mayor Daniella Levine Cava, in a press release: "MIA has not seen a terminal expansion since 2007, making this a truly transformative milestone for our airport. The launch of Concourse K will not only increase capacity and create thousands of new jobs, but also reinforce MIA's role as a premier global gateway.
"With the unwavering support of the Board of County Commissioners and the dedication of Director Ralph Cutie, his team, and our airport partners, we are making visionary, future-ready investments that will build a stronger, more vibrant airport—one that uplifts our community, welcomes the world, and powers our economy into the future."
What Happens Next
Construction of Concourse K is scheduled to begin in summer 2025 and is expected to be completed by spring 2029.
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Checkmate goes global

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Graco Inc. Signs Definitive Agreement to Acquire Color Service s.r.l. ('Color Service'), a Global Manufacturer of Specialized Automatic Precision Dosing Systems for Powders and Liquids
Graco Inc. Signs Definitive Agreement to Acquire Color Service s.r.l. ('Color Service'), a Global Manufacturer of Specialized Automatic Precision Dosing Systems for Powders and Liquids

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timean hour ago

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Graco Inc. Signs Definitive Agreement to Acquire Color Service s.r.l. ('Color Service'), a Global Manufacturer of Specialized Automatic Precision Dosing Systems for Powders and Liquids

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Nearly Half of Families No Longer See College as a Good Investment: Author
Nearly Half of Families No Longer See College as a Good Investment: Author

Newsweek

time2 hours ago

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Nearly Half of Families No Longer See College as a Good Investment: Author

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Roughly 50 percent of families no longer see college as a good investment, according to a soon-to-be released book on higher education. In author Jeff Selingo's "DREAM SCHOOL: Finding the College That's Right for You," on sale September 9, only 56 percent of families said they saw college as a worthwhile investment, down from 85 percent in 2015. Why It Matters Colleges have been facing an enrollment crisis in recent years, showing many Americans have lost faith in higher education as the costs of attendance skyrocket. From 2019 to 2021, male undergraduate enrollment dropped by 10.2 percent, according to the National Student Clearinghouse, while female enrollment declined by 7.8 percent. While community colleges have gained some popularity among students and their parents, the drop in confidence in higher education could trigger significant shifts in who attends college and what skills people bring into the future workforce. Students gather for commencement at Columbia University in New York City on May 21. Students gather for commencement at Columbia University in New York City on May 21. SETH WENIG/POOL/AFP via Getty Images What To Know While 85 percent of families said they saw college as an good investment in 2015, only 56 percent said they felt the same now, according to DREAM SCHOOL, meaning 44 percent no longer see college as a fruitful investment. Nationally, the cost of tuition and fees averaged $14,688 in 2023, according to Statista. This prices out higher education for many low-income and middle class families unless they take on large student loans with high interest rates. "When more graduates are living at home post-graduation and struggling to meet their student loan payments, you can see why some are calling into question the cost of college equating with more professional dividends down the line," Alex Beene, financial literacy instructor for the University of Tennessee at Martin, told Newsweek. "The lesson isn't necessarily to forgo college, but rather be smarter in your approach to picking a major that leads to easier employment availability post-graduation with better wages." Still, among those planning to attend college, the scope of applications is far wider than in previous generations. In DREAM SCHOOL, Selingo reported that Gen Z submits three times as many applications as Gen X—13 million last year versus 4.4 million in 2001—despite the graduating class only increasing by 800,000. Applications to Ivy League schools and other selective colleges have also tripled in 20 years to roughly 2 million, while the number of total freshman seats available remains steady at 100,000. What People Are Saying Kevin Thompson, CEO of 9i Capital Group and host of the 9innings podcast, told Newsweek: "Fewer people view college as a good investment today for several reasons. The biggest one? Costs continue to outpace inflation, while the return on investment—especially when weighed against student debt—often doesn't justify the price tag. The quality of many degrees just isn't enough to make up for the long-term financial burden." Beene also told Newsweek: "Despite multiple studies in recent years that have backed up the time-tested idea that college is a good investment, its reputation with some Americans has tumbled. As the cost of attendance has risen, many students are leaving with more debt and, in some situations, underemployed in their first job." What Happens Next As the price of higher education continues surging, college is increasingly becoming something reserved for the wealthy, according to Thompson. "A lot of families aren't willing to endure years of financial strain just to pay off massive student loans. Instead, people are choosing internships, apprenticeships, or trade schools to get into the workforce faster and with less debt," Thompson said. "The implications could be wide-reaching, however, if we believe in the classic Adam Smith supply-and-demand model, then a drop in demand should eventually force four-year colleges to adjust pricing. Whether that happens or not... we'll see."

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