Jennifer...thanks for the nice detective work!
I don't really understand the process of Disney declaring inventory to allow sales, etc. But it does seem that they are moving right along at this point and I guess if they have some of the WL room conversions complete as well as some of the cabins, they can start selling with an eye towards reservations in the 4th quarter I guess? Mostly I hope they start selling so we can find out some information such as point schedule, price per point and whether club level will be part of this new resort. Stay tuned!
I've been tracking
DVC sales for several years now and there is a pattern to how DVD rolls out sales for a new resort. I'm not a timeshare lawyer so I can't speak of the legal requirements that a developer has to follow, but there are steps that DVD has always taken when it starts up a new DVC resort. Since these steps are documented and become part of the public record, its fairly easy for outsiders to track the progress of a new resort like Copper Creek.
Usually, the first official indication of a new resort usually comes filings with the South Florida Water Management District. SFWMD has to sign off on any construction that could impact flood control, water supply planning, water quality improvement, and ecosystem restoration. In Copper Creek's case, Disney filed a permit application with SFWMD on
May 15, 2015.
About the same time, Disney will file Notices of Commencement with the Orange County Comptroller whenever it makes structural changes to its property. On
March 25, 2015, Disney filed a NOC with OCC to place a construction trailer at Wilderness Lodge. Then, on
May 5, 2015, Disney filed another NOC to perform work inside the Lodge, presumably to convert WL hotel rooms to DVC villas. Subsequently, more NOCs were filed to document further work at Wilderness Lodge.
Disney will establish a condominium association for the new DVC resort and will register a Managing Entity and Timeshare Project with the State of Florida Department of Business and Professional Regulation. It will also request a license to operate a timeshare within the State of Florida. Disney applied for a timeshare license on
August 1, 2016, for CCV and received it on
September 6, 2016. When Disney applied for the license, it indicated CCV would have 9,384 Timeshare Weeks, which is the equivalent of 184 Vacation Homes. Disney could amend its Timeshare license at a later date to expand the number of Timeshare Weeks, but we know that CCV will have at least 184 Vacation Homes.
Disney also applies for a timeshare license in all the States and entities in which it expects to do business but this is difficult to track. In PVB's case, Disney didn't get approval to sell PVB in California until April, three months after sales started in Florida. This was highly unusual and something I don't think Disney wants to see it happen with CCV.
Disney will file the Condominium Association Master Declaration with OCC as part of a Condo Recording document. Included in the Master Declaration will be a plat showing at least one Residential Unit that is officially declared for the Condominium Association. These declared Residential Units' underlying points represent what has been declared for the DVC inventory. This step has not yet happened for CCV.
Disney cannot sell points from a Residential Unit unless it has first been declared. As sales pick up for a new resort, Disney will make more declarations for the Condominium Association, increasing the number of Residential Units, and points, that belong to the DVC inventory. In PVB's case, Disney has made three declarations (January 2015, January 2016, October 2017) and has declared about 74% of the resort for the DVC inventory. This means that on any given Use Day members can book up to 74% of PVB using points. The rest belongs to Disney for its own use.
In CCV's case, I am awaiting Disney's filing of the Condo Recording document with OCC. Once that happens, sales will commence for CCV in short order.
Its up to Disney as to how much sales times it wants from the commencement of sales to when the resort opens. In BLT's case, sales started in September 2008 and the resort opened on August 4, 2009. In PVB's case, sales started January 12, 2015, and the resort opened April 1, 2015. Even if sales begin tomorrow for CCV, the resort could open any time within the next 9 months or so.