I have no idea as to the ins and outs of DVC, but would it be possible for them to convert the bottom floor of the waterside Carriage house buildings into retail if Springs ever wrapped around the lake (I have no knowledge of any plans along these lines, just curious)?
Except that owners are deeded to specific “units” within the resort.
Now those units could be a single GV, a specific building or a group of rooms within a building. The unit is specified in the owner’s deeds. So I don’t think they can simply demolish a timeshare building in which someone has an active ownership. They would only be able to do that if they managed to buy back all the contracts with a share in the unit(s) which make up that building.
I think this pretty much covers it. DVC units are "owned" by the deed holders, so to remove a building they'd have to buy back all the contracts that have an ownership stake in that building, or else build a new building of the same size/number of rooms and somehow figure out how to transfer those contracts to the new building. It all sounds like a lot of paperwork and legal mess that doesn't seem to be worth the headaches that would inevitably ensue - Those contracts would then own a newer building, so then member fees could be affected, which would anger the other owners, leading to lawsuits, etc.