As
dizfan posted, 142 studios and 10 bungalows have been declared at PVB. These declared Residential Units have been allotted 1,641,604 points. When the remaining 218 studios and 10 bungalows are declared, PVB will have a total of 4,032,720 points.
There is a difference between the phrase "
point requirements for a Residential Unit" and the phrase "
points allotted to a Residential Unit." The former can change at any time if DVC switches view categories and/or shifts point costs on the resort's
point chart. These changes, however, require that the number of points necessary to book all vacation homes for the calendar year remain the same. A number of such changes have occurred, such at BLT when DVC lowered the point costs of the weekend nights and raised the weekday nights, and then reclassified 10 vacation homes from Theme Park View to Standard View. However, BLT's total number of points remained constant despite these changes.
"
Points allotted to a Residential Unit" are virtually set in stone and cannot change. Points are a representation of the real estate interest each owner has in a Residential Unit. Furthermore, once the points-to-real estate interest formula has been established for a resort, it cannot be changed.
At PVB, each of the declared studios and bungalows have been allotted 9,862 points and 24,120 points, respectively. When the remaining 218 studios and 10 bungalows are finally declared they, too, will be allotted the exact same number of points. DVD cannot allot a different number of points to the undeclared Residential Units because it would result in an inequitable distribution of common expenditures between the "old" Units and the "new" Units. Furthermore, it would cause an inequitable booking situation between the two classes of owners at PVB.
From time to time, Boardwalk Villas comes up as an example of DVD's ability to change the points allotted to a Residential Unit after a resort has been opened. However, DVD
did not make any such changes. All BWV vacation homes, whether they were part of the initial declaration in August 1996 or in the 29th and last declaration in May 2003, adhered to the same points-to-real estate interest and were allotted the same relative number of points based on real estate interest. BWV Unit 01F and Unit 48A each have one two-bedroom vacation home and they are both allotted 17,340 points. Unit 01F was part of the initial declaration in August 1996, while Unit 48A was not declared until May 2003.