By: Leo Chen

A year after the Champlain Tower collapsed in Miami, Florida, a Florida judge recently agreed to give a $1.2 billion settlement for the owners and families of victims after a one-year anniversary.

The disaster is likely to occur from a long history of preserving problems, and bad structure tricks that were made in the early 1980s. Other likely reasons are sea level rise caused by global warming and damage caused by saltwater intrusion.

Residents of condo rooms will divide the money of the Champlain Tower’s land, which should be around $96 million. Families of victims and people with injury will split almost a billion dollars paid by 20 people. A room for a high-rise built next door will also be provided.

On Thursday, in a Miami courtroom, Judge Michael Hanzman called it a “remarkable” thing that a new settlement was decided within one year. Victims, families of the lost, many suspects builders and their insurance companies were agreed on a settlement on June 24, 2021.

The judge said it escapes a trial that may have lasted a decade. Hanzman said, “These victims and families would have had to suffer through that and endure this trauma over and over and over again.”

Lawyers complimented Hanzman for his dedication and confidence for a quick conclusion. Victims and family members of those who died also applauded the judge. Eileen Rosenberg, mom of Malky who was killed in the collapse said Hanzman had “put himself in our shoes (and) mirrored our pain and tears.”