From the Orlando Sentinel:
Full story is available HEREThe Walt Disney Co.'s rapidly growing time-share division takes an aggressive step forward today when it unveils plans for two new resorts in Orlando -- even as Disney Vacation Club battles some of the strongest financial headwinds it has ever faced.
Disney this morning will formally reveal plans for its Bay Lake Tower at Disney's Contemporary Resort, confirming earlier reports that the 15-story tower rising just beyond the Magic Kingdom will be used for time shares. The company also will unveil plans to sell time shares at the Treehouse Villas at Disney's Saratoga Springs Resort & Spa, a secluded community of 60 units that is being rebuilt in a forested pocket of Walt Disney World.
The twin announcements ensure that Celebration-based Disney Vacation Club, which has grown to nine resorts and more than 350,000 members, will have more time shares for sale in 2009 than it has ever had before.
BLT will open on Sept 1, 2009. BLT owners can make reservations starting Mar 1, 2009.
BLT Points cost $112. Members who purchase a min of 100 points get a $5 incentive ($107 per point). Dues are about $3.67 per point.
BLT views include Magic Kingdom (20%), Lake View (70%) and Std View (10%).