Folks, just returned from a wonderful week at SSR. I had the opportunity to go explore the west wing of CR (well, walked around the fence). The fence is up. I talked to some folks working it. Just another rehab. This makes sense if you look at how the fence was put up. Doesn't even go all the way around. Only blocks off entrance and exits. Also keeps junk from going into the lake. In discussion with my "source" (yeah, I know...we all have "sources")...she said:
1. Too expensive. Yes, there was a design floating around, but it was rejected because of cost to build.
2. Couldn't build in phases...entire facility would have to be near completion before they could begin sales (Florida timeshare laws). So the cash flow didn't work out.
3. Reedy Creek (did I spell that correctly?) has tight regulations around development near the water.
4. Don't want to exploit the magic kingdom area yet. Making too much off the hotels
5. CR occupancy has really increased this year. What was once a dieing hotel is turning around into a money maker (WD hotel team not eager to sell the west wing to DVC).
CRV could happen sometime way down the line, but their are better options (read: cheaper alternatives, thus better profits) than CRV. STOL is still very much in the running. It was a top runner for the next DVC, but with SSR selling faster than planned, they needed to move quickly (hence AK). There is a contingent of DVC and WDW resort folks that want to build a combination hotel/DVC resort at the STOL. Would be the first Epcot monorail resort. Plenty of land, and plenty opportunity for future growth.
Who knows.
1. Too expensive. Yes, there was a design floating around, but it was rejected because of cost to build.
2. Couldn't build in phases...entire facility would have to be near completion before they could begin sales (Florida timeshare laws). So the cash flow didn't work out.
3. Reedy Creek (did I spell that correctly?) has tight regulations around development near the water.
4. Don't want to exploit the magic kingdom area yet. Making too much off the hotels
5. CR occupancy has really increased this year. What was once a dieing hotel is turning around into a money maker (WD hotel team not eager to sell the west wing to DVC).
CRV could happen sometime way down the line, but their are better options (read: cheaper alternatives, thus better profits) than CRV. STOL is still very much in the running. It was a top runner for the next DVC, but with SSR selling faster than planned, they needed to move quickly (hence AK). There is a contingent of DVC and WDW resort folks that want to build a combination hotel/DVC resort at the STOL. Would be the first Epcot monorail resort. Plenty of land, and plenty opportunity for future growth.
Who knows.