Quoting a July 18, 2000,
Orlando Sentinel article (reprinted by TheTimeshareBeat), "According to documents filed with the Orange County planning department, the land was acquired as an investment in 1962, several years before Walt Disney started his quiet shopping spree that netted 27,000 Central Florida acres." Adding to the mystery, the article also states, "But exactly who the owner is remains a little unclear." The article goes on to mention public records that indicate secretive ownership.
As to why neither Walt Disney nor subsequent Disney management ever bought the property, I can only assume that the owner preferred not to sell, at least not at whatever Disney was willing to pay -- if the owner could even be reached.
It seems that almost 40 years after acquiring the land in 1962, the owner finally decided to bring in a devlopment company, Brooksville Development.
I can only hope that Brooksville will strive to develop this land with the same high standards of design, landscaping, ambience, and overall quality with which Disney does development.
And, who knows? As
DVC owners, we might wind up with some new, nearby restaurant and entertainment choices. After all, the Fairfield timeshares are only one small part of the Bonnet Creek development.