Ah, okay. Interesting. Still, they obviously won't be opening anything "this fall". And they would still need to create a membership, which would take at least six months I'd imagine.
At Disneyland, to become a member you get on the years-long waiting list. Then, when your number is called, you go through a thorough government background check, a thorough credit check, and provide Club 33 with information on your family and lifestyle. If you pass those tests, then you are set up with an in-person interview with Club 33 management that weeds out window lickers, weirdos, and tattoo artists.
Once you pass the credit/background checks and don't bungle your interview, you are moved on to the payment phase where you need to come up with the 30K+ initiation dues. Once the check clears, you are in and an appointment is set up for your induction ceremony and first official meal at the Club where you are presented with your membership card and annual contract.
Assuming they need at least a thousand members in WDW to make the business model work, that's a heckuva lot of logistics and administration needs required to get a club up and running. It would take at least six months from formal announcement to opening, if not a year. It will be interesting to see how WDW management does this,
if they are in fact doing it.