[Oldeconomybuyer]

Thank you for the post.

[absalom01]

The building manager should have recommended and the board should have voted to approve having the engineering firm create a scope and then gone out to bid ASAP while calling for a massive special assessment. If they did not, they are in trouble

It's been reported on other media that there was in fact a substantial assessment (on the order of 100K per unit), which would have been about $15MM for the building. It's been described as "balcony repair", but that much money sounds more like structural remediation than some cosmetic repairs.

In any event, maintenance was obviously deferred for decades, regardless of what other contributing factors will be found by forensics.

[FalloutShelterGirl]

None of this is unusual either. Condos can be good or bad, depending on management. Based on stories from assorted owners I know, it's surprising this doesn't happen more often. Needed maintenance can be kicked down the road for years, especially if the management company gets wind that a developer "may" buy them out. Then the greed kicks in...

Meanwhile, this part of Florida is very corrosive to everything.