Before building collapse, $9M+ in repairs needed
4 hours 31 minutes 59 seconds ago
Sunday, June 27 2021
Jun 27, 2021
June 27, 2021 4:25 PM
June 27, 2021
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Source: Associated Press
Photo: Miami-Dade Fire Rescue
Almost three years ago, owners in a Florida oceanfront condominium building that collapsed with deadly consequences learned it would cost at least $9 million for major repairs, with their shared bill coming due July 1.
That estimate, from the Morabito Consultants engineering firm in October 2018, meant owners at Champlain Towers South were facing payments of anywhere from $80,000 for a one-bedroom unit to $300,000 or so for a penthouse.
One resident whose apartment was spared, Adalberto Aguero, had just taken out a loan to cover his $80,000 bill.