Columbus reaches settlement of over $1 million with Latitude Five25 owner; most to seed Tenant Relocation Fund
Columbus City Attorney Zach Klein announced on November 5 an initial settlement of more than $1 million from Paxe Latitude, owner of the now-demolished Latitude Five25 twin towers. Most of the money will serve as seed funding for the city's Tenant Relocation Fund, covering initial relocation costs in emergency evacuations; under a 2024 council ordinance, landlords ultimately repay those costs.
The Latitude Five25 towers in east Columbus were evacuated on Christmas Day 2022 after losing power and heat, with burst pipes and failed elevators, and stood vacant for years before demolition began this May. In 2024 each affected household received a $10,000 check, and the city expects another payment in 2027.
Nuveen Real Estate bought the site in late 2025 for $7 million. (Source: Columbus City Attorney's Office)
Source: Columbus City Attorney's Office
Published by GSM · USA (original Chinese edition)
Photo: 哥伦布市中心（图：Wikimedia Commons，公共领域） / Downtown Columbus, Ohio (Wikimedia Commons, Public domain)
