A report in today's Orlando Sentinel indicates that the Florida Department of Business and Professional Regulation has granted approval to selling timeshare ownership in Disney's $110 million dollar expansion at the Contemporary Resort. This 281-unit addition will reportedly be known as Kingdom Tower at Disney's Contemporary Resort.
The article by Jason Garcia of the Sentinel sheds additional light on the project:
Disney says in the documents that it will sell the time shares in phases, beginning with an initial 75 units. The Kingdom Tower, which will connect to the existing Contemporary via a fifth-floor pedestrian bridge, will ultimately contain 281 units, according to the filings.
A spokesman for the Department of Business and Professional Regulation, which awarded a time-share license to the Kingdom Tower project earlier this month, said Disney has now been cleared to start selling units at any time.
"They can begin," department spokesman Sam Farkas said.
Garcia also reveals that Disney incorporated "Kingdom Tower at Disney's Contemporary Resort Condominium Association" back in January.
The filing reveals other details regarding amenities at the resort. Cited are a swimming pool with a maximum occupancy of 180, two hot tubs and a 104-foot water slide. Elsewhere Disney is constructing two tennis courts, two shuffleboard courts, two bocce ball courts and a barbecue pavilion.
The report also indicates that early points charts submitted to the state show that "guests will have to spend more points to rent one- and two-bedroom units at the Kingdom Tower than any of Disney's other existing time shares."
Construction permits previously indicated that the new Contemporary tower will be under development into the fall of 2009. The Kingdom Tower at Disney's Contemporary Resort would be the ninth Disney Vacation Club resort offered to the public.
Source: Orlando Sentinel
