What will become of the land the Surfside condo is on?

[Demovictory9]

What will become of the land the Surfside condo is on?

Even as the search for victims of the Surfside condominium collapse continues, a question has surfaced: What will become of the land?

Although beachfront property is a hot commodity in South Florida, survivors, families who lost loved ones and neighbors are struggling to imagine another apartment building or hotel in a space that has suffered so much loss. Instead, many condominium owners have expressed hope that the government will purchase the property and build a memorial park.

The possibility of selling the land for a memorial — similar to the museum and fountains in the footprint of the twin towers that honor the terrorist attacks of Sept. 11, 2001 — has come up in official conversations in recent days. But when it was broached Wednesday at a hearing to discuss the various lawsuits filed on behalf of victims, a concern lingered: Would such a sale offer victims the largest possible payout for their lost homes?


Attorney Robert McKee said his client Steve Rosenthal, one of the residents suing the condo association, and other possible clients wondered if discussions about the possible park could start with the county, state or federal government, though he said it was “probably not the best commercial use.”

https://www.washingtonpost.com/nation/2021/07/09/what-will-happen-to-surfside-condo-land/
Miami-Dade Circuit Judge Michael A. Hanzman called it an “interesting thought” but added that Michael Goldberg, the attorney appointed by the court to handle the lawsuits on behalf of the condo association, is tasked with getting the most money for victims, including through asset sales and $48 million in insurance money. The land was valued at $100 million to $130 million, according to one estimate offered to Hanzman.

[alphafemale]

1. I don't know that any insurance company will ever write a policy again.

For that part of coastal FL again. Maybe any of coastal FL.


Nor should they have to.

Any new construction would have to be made knowing it is with the risk of total loss.

So, I do not think it will happen.

There are miles of what were once beautiful homes along A1A in FL near Flagler Beach. Abandoned.
A fool builds his house on the sand.

[underpants]

9. I seriously doubt any company will lose money on this or fear losing money on the next

Policies are underwritten and reinsured so they really can’t lose. I’m not sure about 9/11 but I know that no insurance company lost money from Katrina when almost an entire region was wiped out.

[Amishman]

11. They'll adjust the risk calculation and write a new policy without blinking an eye

This isn't a new risk, it's just a reminder that the risk might have been previously understated.

Premiums will be a little higher, and they might add a clause requiring periodic independent inspections in order to have the policy renewed. Probably firmer language preventing or limiting payout if there is evidence of maintenance issues / neglect.

[secondwind]

2. It will probably become a shrine.....

Maybe a beautiful garden.

[GPV]

5. Maybe design an underwater memorial.

[abqtommy]

8. +100 Ya got that right.

[Scrivener7]

3. Give it a few years. Unless this kind of thing starts to happen with other buildings, they'll

put up another high rise and the apartments will sell.

[Demsrule86]

4. The ocean is reclaiming it...remember sea water flowed into the basement...and people living

close to the water will have to move...given that Florida elects climate deniers, oh well.

[Old Crank]

6. Isn't every owner

Complicit in the collapse of the structure.
What will be left after any renters estates are made whole and the costs of the demolition are accounted for.

[Blues Heron]

7. remember how the 9/11 museum honored the 9/11 victims with a cheese plate?

a 9/11 commemorative cheese plate... Let that sink in. Let's hope they don't get that stupid here. Once the money came in, diginity went out the window. As I recall, it was a USA shaped cheese plate with little stars where NYC, DC and Shanksville PA were located. Classy!

[underpants]

10. No. No I didn't. There's a gift shop???? Wow this was news to me this morning.

Setting aside the question of whether a reporter can ask a question at the 9/11 Museum (short answer: she can't!), let us tackle another timely inquiry: Just how crass is the 9/11 Museum's gift shop?
The Post previously detailed some of the items, like a "Darkness Hoodie" and "Survivor Tree" earrings. But they forgot to mention the 9/11 cheese plate.
The cheese plate is in the shape of the continental U.S., with hearts where the attacks hit NYC; the Pentagon in Arlington, VA; and Shanksville, Pennsylvania. Because no cheese course is complete without a moment to "Never forget" (to take our Lactaid). Let's roll... that wheel of cheddar to Freedomtown?
The shop has more common museum gift shop items, like museum t-shirts and museum rubber bands. One visitor told the Post yesterday, "As rotten and heartless as it may seem, it’s always about money. Educational books and T-shirts and posters that say, ‘Never forget 9/11’ are OK, but the dog vests and the cheap earrings need to go."

https://gothamist.com/food/this-911-cheese-plate-may-be-the-911-museums-most-tasteless-souvenir