Judge: Florida Condo Collapse Victims Will Be Compensated At Least $150M
HuffPost
The sum includes $50 million in insurance on the Champlain Towers South building and at least $100 million in proceeds from the sale of the Surfside prop...
Victims and families who suffered losses in the collapse of a 12-story oceanfront Florida condominium will get a minimum of $150 million in compensation initially, a judge said Wednesday. That sum includes about $50 million in insurance on the Champlain Towers South building and at least $100 million in proceeds from the sale of the Surfside property where the structure once stood, Miami-Dade Circuit Judge Michael Hanzman said at a hearing. “The court’s concern has always been the victims here,” the judge said, adding that the group includes visitors and renters, not just condo owners. “Their rights will be protected.”
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