Dean
DIS Veteran<br><a href="http://www.wdwinfo.com/dis
- Joined
- Aug 19, 1999
- Messages
- 39,228
Several points. I don't believe they will level it and rebuild the entire thing in 2042. There are rules and laws as to how they can close the resort. However the owners would have to pay for any changes or upgrades. I also don't put much stock in the ability of the owners to complain and get results when not backed up by a legal basis. I think DVC members have proven they're all bark and no bite in that regard. As I read it, the membership would have to vote to close it early if not for reasons dictated in the POS. But if it were closed down early the members would likely only get pennies on the dollar. Think if VB were leveled by a hurricane so insurance after deductible and all expenses divided up between the owners there, I'd guess about 50% of the current resale price. They cease to be members unless they owned independently.Don't know about the paying off pennies in the dollar. Many owners of 57 contracts would kick up a major stink, and the publicity would be highly damaging for Disney timeshare business. If they really wanted to take it back prematurely, I think they'd either have to make very good offers or transfer people to a new resort not yet sold out. But who knows....