News WDW Resorts to add fees for parking

[ford91exploder]

I believe parking is part of your deed, if that is the case, there is literally no way this can be changed for current DVC members.

Actually it's not,

DVC deeds and I have copies of my deeds reference only 'unit' ownership, Disney vacation development maintains ownership of the 'common areas' which are carefully NOT defined in the deed. But one assumes that parking lots, lobby, maintenance facilities and pools and dining and recreation space are the common areas and as such DVD is free to do whatever benefits DVD the most.

My views on charging DVC members for parking is speculation at the moment, but based on DIS's current trajectory too much money left on the table and it's inevitable that DVC will charge for what was formerly included in the 'Member Fee'.

 

[flynnibus]

The lease payments would have to go back to the resort owners, DVC Members as they own the land. That can't be changed at any resorts until the RTU contracts end.

And you're sure of this how? Because you've paid maint fees related to parking? Seen a plat of the different land splits?

How are you sure your DVC doesn't just own the building plot, and the public spaces around it aren't part of your other expenses paid to other entities.

I want to know where the confidence comes from - because in the generally searchable stuff I've not seen anything that leads me either way.

 

[asianway]

And you're sure of this how? Because you've paid maint fees related to parking? Seen a plat of the different land splits?

How are you sure your DVC doesn't just own the building plot, and the public spaces around it aren't part of your other expenses paid to other entities.

I want to know where the confidence comes from - because in the generally searchable stuff I've not seen anything that leads me either way.

Taking BLT specifically, the building and pool are the property owned by the timeshare owners, however, the entire Contemporary grounds has also been turned into a Master Condominium, which charges the BLT plot for use of the common areas, parking, the main pool, security services, transportation, etc.

 

[ford91exploder]

Taking BLT specifically, the building and pool are the property owned by the timeshare owners, however, the entire Contemporary grounds has also been turned into a Master Condominium, which charges the BLT plot for use of the common areas, parking, the main pool, security services, transportation, etc.

Hence at least at BLT Disney could charge members a parking fee as the parking is being charged for by an outside entity.

 

["El Gran Magnifico"]

Can someone answer this question? -

Does Disney have minimum stay requirements? I don't ever recall seeing them. Maybe its just me. Hoping someone can clarify.

 

[asianway]

Hence at least at BLT Disney could charge members a parking fee as the parking is being charged for by an outside entity.

It would be a zero sum game for owners, in fact it would help them. Yes, they could charge for non-owners, but a portion would trickle back as a reduction of the BLT dues. You can see this in action if you pull up the Aulani budget(the condominium one) as "Shared Area Income"

 

[flynnibus]

Taking BLT specifically, the building and pool are the property owned by the timeshare owners, however, the entire Contemporary grounds has also been turned into a Master Condominium, which charges the BLT plot for use of the common areas, parking, the main pool, security services, transportation, etc.

Condominium with who as the association and board? Under the resort?

But this is exactly the kind of structuring I was referring to where people can easily be confused with what is owned by who. Timeshare rules about fiscal reporting, etc do no block these kinds of structured designs. Property lawyers are really good at setting up designs when it is only the developer in control to stack the deck in their favor

 

[HollyAD]

You noticed that too, huh?

In case the dusters defending disney missed it:

Iger contract guarantees him $282 million over 4 years - if he absolutely fails.

It could escalate to $423 if "easily obtainable" goals are met...which is why it was rebuked.

Eisner was taken to court in a class action shareholder lawsuit for giving Ovitz $160 mil for nothing over 18 months...

This is all out there...public record/knowledge.

Now why are you paying for parking? Supply and demand? Industry pattern?

...no...it's part of a bigger "extraction" pattern that goes to a Wall Street driven strategy that pays for things like this...executive compensation.

Wow...282M guaranteed...sounds like an NFL contract. Sit the bench and get paid

 

[asianway]

Condominium with who as the association and board? Under the resort?

But this is exactly the kind of structuring I was referring to where people can easily be confused with what is owned by who. Timeshare rules about fiscal reporting, etc do no block these kinds of structured designs. Property lawyers are really good at setting up designs when it is only the developer in control to stack the deck in their favor

It is Florida

 

[flynnibus]

It is Florida

They do it even here... like setting up exclusive contracts that have 75yr lifespans... that only the vendor controls if they renew every 25yrs or not! Great one-sided deal the developer setup for the future residents.

(Psst.. it's because the vendor is actually a company setup by the developer... who pays them a percentage of revenue.. totally above the line.. )

 

[asianway]

They do it even here... like setting up exclusive contracts that have 75yr lifespans... that only the vendor controls if they renew every 25yrs or not! Great one-sided deal the developer setup for the future residents.

(Psst.. it's because the vendor is actually a company setup by the developer... who pays them a percentage of revenue.. totally above the line.. )

I said there were all sorts of hidden built in opportunities to profit but was told it could never happen

 

[jakeman]

Can someone answer this question? -

Does Disney have minimum stay requirements? I don't ever recall seeing them. Maybe its just me. Hoping someone can clarify.

They do not.

 

[asianway]

They do not.

Though it is heavily rumored Star Wars hotel will

 

["El Gran Magnifico"]

They do not.

Thanks. Again, maybe its just me and this has been there forever and I just didn't notice it. Which is very possible. But while searching for dates earlier, I came across the attached. I could only replicate it when selecting a resort first then searching, or modifying dates. Not trying to make a big deal about it, but I don't remember ever seeing it. Look towards the bottom of the calendar where it says "length of stay requirements". This is for a room only rate (not part of a package).

 

[JoeCamel]

Thanks. Again, maybe its just me and this has been there forever and I just didn't notice it. Which is very possible. But while searching for dates earlier, I came across the attached. I could only replicate it when selecting a resort first then searching, or modifying dates. Not trying to make a big deal about it, but I don't remember ever seeing it. Look towards the bottom of the calendar where it says "length of stay requirements". This is for a room only rate (not part of a package).

It says "1 night/2 days"? I think that is as low as they can set that.

 

[Tom P.]

Executive compensation is far from meaningless, It hurts long term stockholders and index funds as this article from Forbes notes.

https://www.forbes.com/whats-the-ha...term-damage-to-shareholders-and-pension-funds

CEO salaries drain billions from US companies which make them less competitive on the world market.

It is meaningless only as it relates to other employee salaries, which is what we were discussing. Front line cast members are not making low wages because Iger is paid a lot. They are making low wages because Disney thinks that's either what they're worth or what they will accept.

 

["El Gran Magnifico"]

It says "1 night/2 days"? I think that is as low as they can set that.

Yeah. But the fact they have a mechanism in place to possibly adjust that, is kind of disheartening. Not trying to hi-jack the thread. I appreciate the info. I just never remember seeing anything referencing a "length of stay" before. We can move back to the parking issue.

 

[Tom P.]

Yeah. But the fact they have a mechanism in place to possibly adjust that, is kind of disheartening. Not trying to hi-jack the thread. I appreciate the info. I just never remember seeing anything referencing a "length of stay" before. We can move back to the parking issue.

The mechanism is there for when they do release packages that have minimum length of stay requirements, such as free dining.

 

[peter11435]

Though it is heavily rumored Star Wars hotel will

The Star Wars hotel as rumored isn’t really a hotel in the traditional sense. It’s not so much that it will have a minimum stay requirement and more that the experience will be for a set number of days with a specific start and end date.

 

[jakeman]

Yeah. But the fact they have a mechanism in place to possibly adjust that, is kind of disheartening. Not trying to hi-jack the thread. I appreciate the info. I just never remember seeing anything referencing a "length of stay" before. We can move back to the parking issue.

Could be more for the maximum stay than the minimum? I know they have to enforce that pretty heavily at places like Ft. Wilderness.