DVC II- New Vacation Club Program?????

[DVC Chris]

Hello,

I have read many posts on this board that mention some type of possible "new" program. Possibly related to the opening of the BCV...

I would be curios to hear the 'rumors' that people have heard in relation to a possible "new" vacation club program and how it would relate the the present program.

Maybe I am missing something, but if it is true, I don't understand why Disney would mess with something that is a proven concept....

Thanks for your input....

(PS: NOT trying to be controversal, just curious!)

WL, 9/00
Treehouse Villa, 9/98
BWV, 12/95
Treehouse Villa, 7/94
Polynesian 93
Yacht Club 92
Royal Plaza 92
GF/ CBR 91
Hilton/ CBR 90
GF 89
Off Site: 88

 

[PamOKW]

fman on my part it's just wild guessing. The question is how long will people purchase with a 2042 end to the program? If they start a new program they can change the end date. There has also been talk of possible other DVC sites that sound similar to what they have in place (a golf course, another offsite possibly Naples, FL) that would make up a similar program. The other "fuel on the fire" is the reluctance of some guides to commit that BCV will be just another DVC resort. This could all be bunk...just guessing.

 

[drusba]

There are no Disney rumors. The ones that exist are merely people here speculating. It has mainly to do with the end date January 31, 2042, for all existing resorts. At some point if they keep building well into the future that date will likely have to be moved for a new resort (at the extreme end obviously no one is going to buy a new resort that opens 2040 under that 2042 ending date system). To make that change, they will have to start a whole new DVC program (unless out of the goodness of their heart they want to change our end date to a later one too). The two could probably share a lot of things, but one would have an end date at 2042 and the other well beyond 2042. Some have speculated here, for varying reasons, that the timing for such a change could be BCV. That is highly unlikely. Again, no one from Disney has ever mentioned a change.

 

[Dean]

As noted, all of the discussion is simply guess work from the board, nothing from Disney. As for a new DVC II, no need. All they had to do is start a new resort with a new ending date and they can add it to DVC without problems.

Dean

 

[RobDoc]

<BLOCKQUOTE><font size="-1">quote:</font><HR>All they had to do is start a new resort with a new ending date and they can add it to DVC without problems. [/quote]

Actually, I'm not sure that's accurate. The resorts do NOT end in 2042, but DVC does. Any resort added to DVC would be included in the ending date. In order to have a later end date, a resort will have to be a component of another entity- thus the speculation about a DVCII.

Doc
doc@wdwinfo.com

 

[Dean]

I disagree Doc, each resort is an entity unto itself and is added to the club by Disney. There's no reason why all of the club member must have the same ending date. Just like there's no guarantee that Disney will continue to manage the current resorts though we all expect they will. If BCV ended in say 2050, it could still stand alongside the other resorts in DVC. The complicating factor would be the last year or 2 but that will the the problem for DVC anyway. It would give the option of offering extensions to current owners who's ownership is expiring. What you'd have after Jan 2042, assuming no extension, would just be the resorts left in the club that have not yet expired their Right to Use.

While the resorts don't necessarily end in Jan, 2042, our ownership interest does. Actually the club ends when Disney says it does and our assumption is that it ends in 2042 when the current properties revert back to Disney. The club in not contractual and could theoretically end any time if Disney chose to do so.

Dean

 

[RobDoc]

I guess we have different interpretations of our DVC documents. While I don't have my POS in front of me, my memory is that it states that DVC will end in 2042, but that another entity may be created and new resorts added to that entity. Membership in DVC ends Jan 31, 2042. The resorts do not end at that time- unless Disney decides that they do. Guess we'll have to wait and see what happens!

Doc
doc@wdwinfo.com

 

[PamOKW]

I side with Doc on this one. The Disney Vacation Club ends in 2042. If someone purchases into the Disney Vacation Club at any resort their ownership ends in 2042. If that weren't the case, they would have been selling 50 year memberships with no end date. Of course, Doc and I could be wrong.

 

[Dean]

Actually I suspect we won't see as I don't think there will be more than one small resort after BC or that BC will be the end. However I've reread the Multi site info and see no reason that the club can't be extended. It does refer to ending in 2042 pursuant to the end of the resorts and that it's possible for a resort to fall out of the club sooner than 2042 in certain situation.

Dean

 

[Lesley]

What makes you think there will be no more DVC properties built? As far as I can tell DVC appears to be a profitable venture for Disney...and they don't tend to stop doing things that make money for them.

Just wondering...


Lesley


1979 Contemporary
1992 Off-site
1994 Carribean Beach
1999 Fort Wilderness and Coronado Springs
2000 Polynesian and Old Key West
2002 Boardwalk Villas

 

[Dean]

I've explained my reasoning before on the board. It's just my opinion. Cancelling the 3 planned off site properties, scaling VB back, difficulty selling VB and HH to start. Also I don't think DVC wants to go to a later expiration time than 2042 and therefore there likely isn't enough time to plan, build and sell a large OKW DVC strtucture with enough time remaining on the RTU and still end in 2042. I feel that any new resort would need to be completed and sold out well before the 30 years mark if not longer. There might, and I repeat might, be enough time to add one more build on like WLV and BCV has been; maybe at AKL. A new AKL or similar structure started in 2002, selling in 2003 or 2004 and sold out say in 2006 would leave less than 36 years by sell out. That would make the Bonnet Creek large structure unlikely. Again, IMHO, no more and no less. I believe I offered a small wager that there would be no more than one more after BCV, I'd need to double check.

Dean

 

[Lesley]

Thanks for the answer, Dean...your reasoning seems logical enough..... perhaps you're right. I wouldn't venture to guess what will really happen myself!


Lesley


1979 Contemporary
1992 Off-site
1994 Carribean Beach
1999 Fort Wilderness and Coronado Springs
2000 Polynesian and Old Key West
2002 Boardwalk Villas