AnnaS
DIS Veteran
- Joined
- Jul 7, 2001
- Messages
- 10,284
Early buyers at VB were promised developer's subsidy since the resort was originally planned to be much larger. The subsidy was based on the planned amenities for the resort. By 1999 the decision had been made not to expand the resort so buyers at that time did not get the same subsidy, but DVC has continued the promised subsidy for those early buyers. I understand that the subsidy is not carried forward to subsequent resale buyers for those early contracts.
Every DVC resort has had some form of subsidy at one-time or another. There is a subsidy in place for BLT built into the 2009 dues - I think that is $0.05 per point. This is in place so that early buyers will not have to pay all expenses for the resort while it is still being sold - the developer (DVD) shares in those expenses.
Got it Doc. Thanks for the explanation.
