A judge has given final approval to a settlement of more than $1 billion for victims of the collapse of a Florida beachfront condominium
FILE - The site where the Champlain Towers South collapsed killing 98 people is shown on April 14, 2022, in Surfside, Fla. The federal investigation into the deadly collapse of a Florida beachfront condominium building is entering a new phase Wednesday, June 15, 2022, that involves cutting and drilling into concrete and steel to determine what role they played in the disaster, officials said.
The bulk of the $1.02 billion total will go to people who lost family members in the collapse of the 12-story building. About $100 million is earmarked for legal fees, and $96 million set aside for owners who lost one of the 136 units in the building. “You have no idea what a relief this is to me personally,” Rodriguez said. “I am so exhausted. I just want this to be done. I want these souls to rest.”
A billionaire developer from Dubai is set to purchase the 1.8-acre beachside site for $120 million, contributing to the settlement.
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