Here is an abridged timeline for the Poly:
7/29/2013 -- Disney Resorts files a permit application for a rehabilitation project at the Polynesian Resort.
9/17/2013 -- Disney Vacation Development announces the Polynesian DVC. Construction is suppose to commence September 2013 with completion in 2015.
06/02/2014 - DVD files an application for license for the Poly DVC with the Florida Department of Business and Professional Regulation.
06/17/2014 - Florida Department of Business and Professional Regulation approves license for the Poly DVC. Calls for 162 timeshare weeks.
01/07/2015 - Disney announces PVB sales will begin on January 12, 2015. Prices and
point chart are not released.
01/07/2015 - Walt Disney Parks & Resorts files Master Declaration for PVB. Declares 10 Bungalows and 142 studios for the DVC inventory. There are still 10 Bungalows and 218 Studios undeclared.
01/8/2015 - Point chart and price leaked. Price is $160/point with no apparent incentives.
01/12/2015 - Sales begin for PVB to existing DVC Members. Sales to new members will not begin until 2/09/2015.
01/13/2015 - Polynesian owners can begin making reservations on February 11, 2015 subject to the 11-month priority window. New DVC PVB members can book starting 2/18/2015. Owners of other DVC properties can begin booking PVB on February 25, 2015 for dates 7 months prior to arrival.
02/09/2015 - Price increases from $160 to $165 per point.
04/01/2015 - Polynesian Villas & Bungalows open
Disney did not start construction at Wilderness until October 2015. If the new resort follows a timeline similar to that of PVB, then sales would not commence sales until February 2017, and the first phase would open in May 2017.
However, we don't have enough information to make educated guesses as to when VWL2 might welcome its first guest. If I recall correctly, AKV-Jambo House took only 9 months to convert the hotel rooms to DVC villas, so anything is possible.