09/18/11 - DVCers Take Over the Dream (S.S. Member Cruise 2011) - Thread #12

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Ok Im confused there is another DVC SS Member cruise thread? I could not find it. :confused3 I must go over there an read..... :goodvibes

Here's the other thread Clicky

Play nice with them. I completely understand why they need a slower paced thread. Most of the time folks post on here, then a Pirate hunt breaks out, followed by the Congrats. Then by the time someone who knows the answer finally posts a response, we are 5 pages from the original post. I can see people getting lost in all the chatter.

Not saying one is better than the other, just different strokes for different folks.
 
Here's the other thread Clicky

Play nice with them. I completely understand why they need a slower paced thread. Most of the time folks post on here, then a Pirate hunt breaks out, followed by the Congrats. Then by the time someone who knows the answer finally posts a response, we are 5 pages from the original post. I can see people getting lost in all the chatter.

Not saying one is better than the other, just different strokes for different folks.

What you talkin about?!
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After we ran the story of Jim Lewis' firing as the President of the Disney Vacation Club (DVC), more information came to light, as written in the next day's Disneyland Resort Update. Along with Lewis, two others were fired after Disney discovered that the dues being charged to new purchasers of the Aulani DVC resort would not be sufficient to cover the regular expected maintenance costs of the resort.

Once the paperwork snafu was discovered, Lewis was fired, along with Jim Heaney, senior vice president and chief financial officer of Disney Cruise Line and travel operations, and Lawrence Smith, former director of finance for DVC. Sales of Aulani were halted on July 9 and new paperwork filings were begun with the State of Hawaii with appropriate annual dues numbers. Named as the new Senior Vice President of DVC is 23-year Disney veteran Claire Bilby (there will not be a president for the time being), who now reports directly to Karl Holz, who had recently added Lewis and DVC to his portfolio in the recent restructuring of the Parks and Resorts division.
 
Rather than imposing huge dues increases on those who purchased early interests in Aulani based on the advertised dues costs, Disney is making it right with them in a similar manner to how they handled early purchasers of the Disney's Vero Beach Resort. Those who purchased early interests at Vero Beach had dues calculations based on a full 266-unit build-out of the resort. When Disney decided to halt the construction at 175 units, they recalculated standard dues based upon the smaller number of units among which to divide the cost. However, rather than penalize those who had already purchased Vero Beach membership, all existing members received a dues subsidy that remains in effect for the remaining terms of their memberships in order to avoid an unfair imposition on those who purchased early in good faith. In the same way, early Aulani purchasers will receive a dues subsidy that will approximate the reduced figure that their original dues were calculated on.

It appears that Disney has completed the necessary paperwork, and interested parties can once again purchase an interest in Aulani.
 
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