Bidder offers up to $120 million for collapsed condo site

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SURFSIDE, FLORIDA – JUNE 30: Search and rescue teams look for possible survivors and remains in the partially collapsed 12-story Champlain Towers South condo building on June 30, 2021 in Surfside, Florida. Over 100 people are being reported as missing as the search-and-rescue effort continues. (Photo by Michael Reaves/Getty Images)

MIAMI (AP) — A private bidder is offering up to $120 million to purchase the Miami-area oceanfront property where the collapsed Champlain Towers South building once stood.

The offer was revealed Wednesday during a hearing before Circuit Judge Michael Hanzman.

He’s overseeing the dozens of lawsuits that have been filed since the condominium collapsed June 24, killing 98 people.

The judge authorized negotiation of an agreement with the bidder, who wasn’t publicly identified.

A real estate broker told the judge he had a “letter of interest” from the bidder offering $110 million.

He said the bidder is willing to offer up to $120 million.

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