Memorial or high-rise? Future of condo collapse site argued

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Memorial or high-rise? Future of condo collapse site argued
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The fight over whether the site of June's deadly Florida condominium collapse should be sold for development or turned into a memorial boiled over at a court hearing Thursday...

FILE - In this Friday, June 25, 2021, file photo, rescue workers work in the rubble at the Champlain Towers South Condo in Surfside, Fla. The fight over whether the site of June's deadly Florida condominium collapse should be sold for development or turned into a memorial boiled over during an emotional court hearing Thursday, Sept. 23, 2021, with some victims' relatives begging for time to find a buyer who won't put a new luxury high-rise there.

Hanzman expects about $1 billion in death and property claims to be filed. He said if the property sells for $150 million, combined with $50 million in insurance payments, that $200 million will only cover a fraction of the claims. He has a team of lawyers investigating whether third parties can be identified as committing negligence leading to the June 24 collapse and sued to bring in more money. No cause has been identified, but the building had a long history of problems.

He said he understands emotions are high. But he added those relatives and others who have called the land's potential buyers “greedy” and vowed to challenge development will lower the bids and financially harm themselves and others. He wants that stopped.

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