Next resort on the renovation list

[rteetz]

If you do a quick google or forum search on "OKW extension" you will find all the info you need. In short, many owners felt the extension was poorly communicated, not a good deal, and forced on them by misleading legaleze.

Disney has not announced anything official regarding VWL, so everything is speculation at this point. However IMO, VWL is small enough that it could likely be a good test case for the other classic resorts regarding extensions or lack there of. One thing for sure, IF/when something is announced, it will benefit Disney......other's will have to decide if there's any benefit for them also.

You say you would take the deal......but keep in mind the oportunity cost in the form of the time value of money by paying for points upfront that you would't be using for around 35 years (at that time) was a calculaton that each owner should have done to see if it worked for them. If the extension translated to a corresponding increase in the contract value, then it becomes a bit easier. That wasn't immediately known. As of today, the extended OKW cotracts do sell at higher prices than non-extended contracts. I could see valid arguements from owner's on both sides of the fence. Everyone's financial abilities are different.......for those that wanted to finance their OKW extension, Disney was glad to offer a 10 year note for 10.75%.

Disney didn't officially announce poly DVC until well into construction. Permits are filed its pretty confirmed.

 

[Friendlyadvice2]

Disney didn't officially announce poly DVC until well into construction. Permits are filed its pretty confirmed.

I agree that the project is "pretty confirmed". Although, we have seen permits filed in the past that aren't acted on, but I dont see that being the case here. I was referring in my discussion to the details of the project and how they will affect VWL/DVC owners, whch are NOT "pretty confirmed".

 

[lockedoutlogic]

Everyone's financial abilities are different.......for those that wanted to finance their OKW extension, Disney was glad to offer a 10 year note for 10.75%.

Oh no... I wasn't even thinking on those lines...

You dont finance the OKW extension...that needed to be a cash proposition.

 

[crazy4wdw]

Disney didn't officially announce poly DVC until well into construction. Permits are filed its pretty confirmed.

They also didn't announce Bay Lake Tower well into construction. Even though the Contemporary north wing was demolished and was being replaced with a 16 floor tower.

 

[lockedoutlogic]

They also didn't announce Bay Lake Tower into well into construction. Even though the Contemporary north wing was demolished and was being replaced with a 16 floor tower.

I'll never forget the shock I had when they announced it...

I was completely floored...shocked...


I thought for sure that it was Fire mountain

 

[Friendlyadvice2]

Oh no... I wasn't even thinking on those lines...

You dont finance the OKW extension...that needed to be a cash proposition.

Ah come on, the payments wouldn't be that much.

 

[lockedoutlogic]

Ah come on, the payments wouldn't be that much.

Ahh...I guess you're right...

10.75 over 10 is only slightly more than double the price.

Can't put a price on magic...

 

[DisitDisitgood]

Don't think we'll see moderates ...it sends the "wrong message"

How much more moderate can you get than Saratoga Springs?

 

[rteetz]

How much more moderate can you get than Saratoga Springs?

Saratoga springs is counted as a deluxe. He was referring to the rumors surrounding DVC at Disney moderate resorts such as POR, POFQ, CBR, CSR.

 

[lockedoutlogic]

How much more moderate can you get than Saratoga Springs?

Compared to Caribbean?

Alot.

The moderates are "nicer" in comparison to Saratoga because
They were constructed in a different time/philosophy.

The poly and comtemporary have the largest rooms and opened with the most services per capita...

OKW's rooms are far larger than the other DVC rooms conducted...

Bay lake towers studios look like a closet in comparison.

It's all "relative"...so to speak

 

[1234lucky]

Jumping back to op, we stayed at the cabins recently and they are in need of a refresh.