Richard Basciano, principal in deadly Center City building collapse, dies at 91

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Richard Basciano, the 91-year-old real estate speculator whose attempt to remake west Market Street in Center City ended in a deadly 2013 building collapse, died Monday night in New York City, lawyer Thomas A. Sprague confirmed Tuesday.


Mr. Basciano, who had been in failing health for at least a year, was the lead defendant in the Philadelphia Common Pleas Court civil suit resulting from the death of seven and 12 injured in the June 5, 2013, collapse that destroyed a Salvation Army thrift store at 22nd and Market Streets.

The jury found Mr. Basciano, among others, liable for money damages to the victims on Jan. 31. The case ended Feb. 8 during the damages phase with a $227-million settlement contributed to by Mr. Basciano and the Salvation Army.





“Mr. Basciano had a big heart,” said Sprague, “and I think that his concern about the accident and those killed and seriously injured weighed upon him very much and no doubt took a toll on his health.”

Robert J. Mongeluzzi, the lead lawyer for the plaintiffs in the collapse litigation, declined to comment.

Sprague said the funeral will be Saturday in Mr. Basciano’s home town of Baltimore but the time and other details were not immediately available.




















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