MIAMI — Owners of the condominiums that were destroyed in the Champlain Towers South collapse have been offered a compromise agreement to settle their property loss claims for a total of $83 million, their lawyers said during a court hearing Friday.
Each surviving owner or the heirs of those who died in the 136-unit building would receive an average of $610,294 that would vary according to the size of the condo. Details on the exact allocation still need to be decided as the compromise was just hammered out on Thursday night, lawyers told Miami-Dade Circuit Court Judge Michael Hanzman, who is overseeing the lawsuits arising from the collapse of the 13-story tower in Surfside that killed 98 people on June 24.
“I know it had to be a stressful, heated negotiation. Emotions are very high in this case,” Hanzman said. “I’m not pre-judging if this is a good settlement or a bad settlement. It’s promising and I’m sure there will be a number of opinions on it.”
