Florida Lawmaker Seeks Condo Rules Review in Wake of Surfside Collapse

Bloomberg Quicktake: Now published this video item, entitled “Florida Lawmaker Seeks Condo Rules Review in Wake of Surfside Collapse” – below is their description.

Florida state Senator Jason Pizzo said state and county governments need to closely review condo association rules and regulations after the tragic collapse in Surfside.

Pizzo, a Democrat, said that among other things, lawmakers should consider expanding inspection requirements. He said condo associations generally have too little accountability, and currently there isn’t enough scrutiny in vulnerable coastal areas.

“The scope of inspection needs to be much greater and much more comprehensive, and it needs to be mindful of what it’s not right now, which is geographic specificity and particularity,” he said in an interview Monday near the site of the June 24 collapse in Surfside. “This building built somewhere else might not have the same concerns.”

At least 11 people have been confirmed dead, with 150 still unaccounted for, after the collapse of Champlain Towers South, officials said Monday night. The tragedy has raised questions about what more could have been done to maintain the structure and survey risks. It’s still far too early to know what triggered the collapse, but reports this week have revealed a building that delayed repairs on millions of dollars in serious damage identified years earlier.

Pizzo also said he was concerned about the incentive structure for condo associations. He said that condo association leaders can be encouraged to cut important maintenance fees to win elections, even if it’s not financially responsible for the building.

Bloomberg Quicktake: Now YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • Construction Shutdown: Melbourne Anti-Vaccination Protests Force Industry Halt
  • Canada Election: Justin Trudeau Wins 3rd Term But Falls Short of Majority
  • Hong Kong Appealed For Quarantine-Free Travel With China: Carrie Lam
  • Leave a Comment

    We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.