Any thoughts on point charts for Lakeshore Lodge

[WinterSolider]

The owners wouldn't eventually be left cabinless; they paid into the replacement cabins over the course of decades.

Correct, that's my entire point. I'm proposing that as a possible reason for the trust structure. With a normal resort, you literally own an interest in the building itself. That wouldn't work for the cabins because the building itself is going to end up in a landfill while your contract is still active. So the trust makes it such that you own an interest in the trust that lets you stay in the cabins that exist today and the future cabins that will replace them when the time comes.

 

[CarolynFH]

Coincidently, I just got a letter in the mail saying that, per Florida law, DVC conducted a structural inspection of my home resort and validated that the current maintenance fees are properly amortizing for the long term repairs.

It will be fun when the cabins have their inspections come due, but in the meantime, you have to assume that their (high) maintenance fees are amortizing for the long term repair costs (i.e. ripping the old cabins out and completely replacing them). The owners wouldn't eventually be left cabinless; they paid into the replacement cabins over the course of decades.

Because the cabins are in the trust, they won’t have the same required inspections that the condo association buildings do (which is only in Florida). But I expect Disney to inspect them and make sure they’re maintained (and eventually replaced), just as they have the condo association buildings, because ultimately they belong to Disney. So yes, the owners (trust members) will be paying all along the same as the condo association owners do.

 

[Brian Noble]

I don't think that exempts it---it depends on how the entity underlying the trust is structured. However...

It will be fun when the cabins have their inspections come due

...I think there is a different reason why the cabins will not be inspected: the relevant Florida statute only applies to condo buildings three stories or taller. From the FL statutes, emphasis added:

A condominium association under chapter 718 and a cooperative association under chapter 719 must have a milestone inspection performed for each building that is three stories or more in height by December 31 of the year in which the building reaches 30 years of age, based on the date the certificate of occupancy for the building was issued, and every 10 years thereafter

 

[maui22]

I read many stories mentioning how large Lakeshore Lodge is. It didn’t prepare me for seeing it in person. We were staying at BRV earlier in the week, so we regularly saw it across the water. One
day, we rode the bus to MK. It stopped at the FW bus stop with the construction fencing right there. It has been 20 years since I was through this area. Really struck me how well everything ties together in this area.

 

[DonkeyHoTay]

We were staying at BRV earlier in the week, so we regularly saw it across the water.

Staying at contemporary next weekend and bringing my cruise binoculars to spy on LL from afar….