Other possible factors include sea level rise caused by climate change and damage caused by salt water intrusion.Ī final conclusion on the cause is likely years away. None of the parties admit any wrongdoing.Ī billionaire developer from Dubai is set to purchase the 1.8-acre (1-hectare) beachside site for $120m, contributing to the settlement.Ĭhamplain Towers South had a long history of maintenance problems and questions have been raised about the quality of its original construction and inspections in the early 1980s. The money comes from several sources, including insurance companies, engineering firms and a luxury condominium whose recent construction next door is suspected of contributing to structural damage of Champlain Towers South. The ruling came during what’s called a fairness hearing, in which anyone with objections to the deal could raise them as the judge determined whether the settlement is “fair, reasonable and adequate,” according to court documents. “You have no idea what a relief this is to me personally,” Rodriguez said. Raysa Rodriguez, who survived the collapse in a ninth-floor unit that was initially left intact, had nothing but praise for the outcome. Several people who lost family members or property said in court Thursday that they are grateful for such a swift conclusion to a horrific experience. No victims filed objections to the settlement or decided to opt out, said court-appointed receiver Michael Goldberg. About $100m is earmarked for legal fees, and $96m set aside for owners who lost one of the 136 units in the building. The bulk of the $1.02bn total will go to people who lost family members in the collapse of the 12-storey building. “It will never be enough to compensate them for the tragic loss they have suffered,” the judge said.
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