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Originally Posted by sugarwood
I can't imagine getting anything built there for years. No one is going to live in a place they believe is built on quicksand. Units would have to be priced way under market.. but can a builder can make that profitable.?
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I bet there is already a plan for that property. There was a rush to demo the remaining units, control was pulled from the owners weeks ago and given to the courts.
https://www.theguardian.com/us-news/2021/jul/14/judge-miami-condo-collapse-site-sale
https://miami.cbslocal.com/2021/07/23/judge-compensation-surfside-collapse-survivors-victims-families/
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Hanzman said the families will get a minimum of $150 million in compensation initially. That includes insurance on the condo building and the expected proceeds from a sale of the property where the structure once stood.
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150 million $$ for the victims. For a self-inflicted wound.
I'd say charge them for the cleanup, pay off any mortgages, split anything left equally amongst the heirs of the deceased.
Anyone on record fighting the special assessment should get nothing.