Overall, this is WONDERFUL news. Absolutely great. And, frankly, I am shocked that it is even possible, because I, too, heard that Anaheim was limiting Disney to 150 total Timeshare Units. Clearly, that is not the case with this building, AND, from the article, it seems to also have the support of the City leaders.
The location is rather poor. It appears to be in back, southwest corner of the current Disneyland Hotel property, and IT IS EVEN FARTHER AWAY FROM DOWNTOWN DISNEY THAN PARADISE PIER. And, I told myself I would 'probably' never stay in Paradise Pier again, since it was so far away from DT Disney.
It should bring down Grand Californian Villas price on the resale market because there will be another
option in town.
I guess we will see. I would hope that having another DVC property nearby might cause the price of Grand Californian points on the Resale Market to drop, so I could buy some. But, truthfully, that probably isn't going to happen? Why? Because Grand Californian is a premium building in an amazing location AND, the per point cost to stay in this new building is likely to be even higher than Grand Californian! This will make every point in the new DVC property worth LESS than the Grand Californian, but they will probably sell at about the same price.
Maybe I should just break down and start looking for some Grand Californian points to buy.