The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
A class-action lawsuit on behalf of Manuel Drezner, a nearby property owner, and other victims was filed at 11:29 p.m. against the Champlain Towers South Condominium Association Inc., Local10 first reported. ... The court filing alleges the condominium did not provide adequate protection for residents and visitors to the building, did not repair structural problems and failed to prevent the "catastrophic" collapse of the building.
The April 9 "Dear Neighbors" letter from Champlain Towers South Condominium President Jean Wodnicki hinted at an ongoing debate over the repairs and a reluctance by some condo owners to pay for major work that would cost at least $15.5 million. [...] The condominium association pegged the total repair and restoration cost at $16.2 million -- counting items added since the 2018 Morabito inspection -- that would be defrayed in part with about $707,000 the association had in cash on hand. That left the owners with a bill of $15.5 million, with individual assessments ranging from $80,000 for a one-bedroom unit to more than $300,000 for a penthouse. [...] "A lot of people were complaining, especially the old people living there," said condo owner Rosalia Cordaro, who was in New York when the building collapsed. "It was a lot of money. I was complaining." Another owner said the assessment was the talk of the pool when she last visited a week before the collapse. "It was the theme of most of our conversations," said Nieves Aguero. "`Are you going to pay it? Are you going to refinance?'" "The number kept getting bigger, bigger and bigger," said owner Alfredo Lopez, adding that the board did a good job of communicating and keeping the process transparent.
Another owner said the assessment was the talk of the pool when she last visited a week before the collapse.
"It was the theme of most of our conversations," said Nieves Aguero. "`Are you going to pay it? Are you going to refinance?'"
"The number kept getting bigger, bigger and bigger," said owner Alfredo Lopez, adding that the board did a good job of communicating and keeping the process transparent.
Reports from people familiar with the case say it accuses the Trump Organization of flouting tax obligations by allowing top executives to collect nonmonetary "fringe" benefits, including free or basically free use of apartments in the Trump real estate empire. [...] In 2018, federal prosecutors reportedly granted immunity to Weisselberg for his cooperation in a separate [BWAH! no.] investigation of former Trump fixer Michael Cohen. ... Linking Weisselberg to the crimes beyond the ["]hush-money["] payments, including campaign-finance ["]violations["] and to misleading the banks that lent Trump money, Cohen maintained that Weisselberg knew about falsified financial statements that Trump used to dupe insurers and investors.
Understood one owner had written a cheque of $98K a fortnight ago as their part of repairs advised in 2018 report of building flaws. 20/20 vision looking in the mirror. Amnesia and Gaza Genocide
by gmoke - Nov 7
by gmoke - Nov 6
by gmoke - Oct 27
by Oui - Nov 9
by Oui - Nov 8
by Oui - Nov 64 comments
by Oui - Nov 52 comments
by Oui - Nov 4
by Oui - Nov 24 comments
by Oui - Nov 2
by Oui - Nov 14 comments
by Oui - Oct 31
by Oui - Oct 301 comment
by Oui - Oct 2912 comments
by Oui - Oct 28
by Oui - Oct 2711 comments
by Oui - Oct 26