MIAMI (CBSMiami) – At a hearing on the future of the site of the Champlain Towers South collapse in Surfside, Miami-Dade Circuit Judge Michael Hanzman was informed there was an interested buyer.
Hanzman instructed Michael Faye, who has been appointed to work on the real-estate deal, to begin negotiating the sale of the land. Faye did not reveal the name of the interested company which is reportedly willing to spend between $110 and $120 million.READ MORE: New Daily Virus Cases In Florida Lowest Since July
Hanzman said if the buyer wants to move forward, he wants Faye to start a short auction process. If no one outbids them, the buyer would get the property.READ MORE: Spacex's 1st Tourists Homeward Bound After 3 Days In Orbit
The Town of Surfside has been asked to provide zoning information for the site.MORE NEWS: Report: Miami-Dade School District Misused $6M For Driver’s Ed Programs
The judge has been pushing for a quick sale of the property to compensate victims of the tragedy.