DVC Ownership: Disney or other?

[DVC-Landbaron]

I picked this up from another Disney site.
<BLOCKQUOTE><font size="-1">quote:</font><HR>Hasn't the leasing on the DVC reverted back to it's parent company, who now are paying a licensing fee to Disney for use of the name? That's why bus service to DVC is so bad...I had heard this was the case? Don't you all pay a maintenance fee now where you did not before?[/quote]
Am I that far out of the DVC loop? This is the first I heard of it. Anyone know anything else (confirm or deny)?

Thanks!

Long live the Pirate!!

 

[PamOKW]

That's just ridiculous. The question about the maintenance fee says it all, this person has no idea what they are talking about. (What would be the parent company? Disney owns the land and the buildings.)

 

[BobH]

I had asked a question about a few lines in my public offering statement amendment that had all the names under the "Provision of Utilities" section on page 6 crossed out. Basically the Reedy Creek Energy Services, Inc was crossed out as the electric, sewage, water and storm drain provider. The Walt Disney World Resort Trans. was crossed out as the transportation provider. The representative from Quality Assurance told me this was done simply because it was no longer required by Florida law to list these providers. My concern was that Disney would sub-contract out the transportation service and that the bus service at OKW would suffer. I never got answer that satisfied me from the quality assurance people. I purchased anyway because I felt the positive aspects of DVC outweighed any worry I might have about the transportation system. However, the original post here seems to confirm my suspiscion that something is up with the transportation system. Can anyone else shed any light on this? Maybe this is not totally in line with the main question put out here, but it reminded me of the issue with the utilities from my paperwork.

 

[drusba]

The utilities and bus service are still provided as before, through Disney's utilities and bussing divisions. The crossing out in the documents of utility information is as explained -- changes in Florida laws and regulations no longer require that information to be pro vided in the documents. I have no idea what they mean by the leasing reverting back to Disney. If they are talking about the ground lease, DVD has a ground lease that runs to Jan 31, 2042 and nothing has reverted back. There is a license from the parent D isney to the subsidiary DVD to use the Disney name but there is no charge for that (having that license is for legal purposes; Disney always has to protect it's interest in its name--if it just allowed a subsidiary to use it without a formal license someo ne could argue that Disney has failed to protect that interest and now anyone can use the name). Bussing at BWV and VWL is shared with the hotels WL and BWI and thus they can hardly take steps to lower bus service to the DVC resorts without doing the same to Disney's own hotels. Bussing has always been paid for through dues. Bussing has been somewhat of a problem for all hotels in the recent past, partly because they have been short on the number of bus drivers for quite some time. They just cannot find enough to hire and Florida laws that prevent older retirees from getting licenses necessary to drive busses have prevented Disney (and others in Orlando) from hiring from the most available pool of possible employees.

 

[BobH]

Even though Florida Law may no longer require the listing of the utilities and serice providers why should Disney care enough cross them out on their public offering statement if there is no intention to possibly change them in the future. It would appear to me to be an unnecessary exercise in semantics unless Disney intended to leave themselves a legal loophole for changes to be made. What did they save by the crossing out of the sections? The price of the ink?

 

[RobDoc]

Rather than assume some ulterior motive on DVC's part, why not just accept the explanation provided and the past history of the program as fact. The explanation given by drusba above also seems to cover the basics. The transportation and leasehold contracts have not changed and would not affect our program in any event.
Maybe we should also ask the "other" website for a better explanation, rather start another rumor here which apears to have no basis whatsoever.

Doc
doc@wdwinfo.com

 

[dianeschlicht]

Thanks, Doc. Well put.

Disneydiane

 

[drusba]

BobH, the one thing to remember is that the documents are prepared by lawyers. Though I have never done timeshare disclosure documents, I have done them for franchise disclosure documents. To lawyers, it is very simple. If the regulations for disclosure documents change requiring you to add something, you put it in. If the regulations change eliminating a previous requirement to put something in the documents, you take it out. That is just a universal and continuing activity with disclosure documents. Nothing sinister is occurring. Also, note that the DVC resorts could not possibly get their utility service from anywhere else than the Reedy Creek utility company as that is only one all the systems are controlled by and hooked up to.

 

[DVC-Landbaron]

Thanks everyone.

I think the woman who posed the question wasn’t really sure and was merely looking to confirm what she had heard. She now understands that she was mistaken. BTW, the other site I referred to is an E-Mail subscription from WDWBLUES.

Anyway, thanks again. I don’t visit here very often anymore (only so much time in the day) and I thought maybe something had happened that I was not aware of. Glad to hear everything’s still OK. You people are the best!!!

Long live the Pirate!!