Well, I’ll bet they’ve got engineers looking at this right now. And they’re not going to take 3 years to come up with the money to make repairs, either.
Many of these repairs need a vote as they assess the condo owners. Not sure if there is a cap but I remember a friend living in one in FL saying the condo next door charged everyone tens of thousands to repaint and fix the exterior. Knowing this, I'd read the contract for sure.