The survivors and families of the 58 victims who were killed during the mass shooting at the Route 91 Harvest Festival in Las Vegas on Oct. 1, 2017, have reached a $735 million to $800 million settlement with MGM Resorts.

MGM Resorts owns Mandalay Bay Hotel, where a lone gunman opened fire from the 32nd floor during Jason Aldean’s headlining set on Oct. 1, 2017, killing 58 people and injuring hundreds more.

“Our goal has always been to resolve these matters so our community and the victims and their families can move forward in the healing process,” said Jim Murren, CEO of MGM Resorts. “This agreement . . . is a major step, and one that we hoped for a long time would be possible.”

An independent administrator will be appointed by the court to allocate funds to those claimants who agree to the deal. Lawyers hope to complete the settlement by 2020.