Florida Judge Says Condo Collapse Victims will get $150M Initial Compensation
A Florida judge said the survivors and victims’ families in the condo building collapse will get a minimum of $150 million in compensation initially – which includes insurance on the tower and expected proceeds from a sale of the empty property.
“The court’s concern has always been the victims here,” Miami-Dade Circuit Judge Michael Hanzman said at a hearing Wednesday, adding that the group includes visitors and renters, not just condo owners. “Their rights will be protected.”
The $150 million figure includes about $50 million in insurance on the Champlain Towers South building and at least $100 million in proceeds from the sale of the property where the tower once stood.
Read More at the New York Post
