Quote:
Originally Posted by Jya-Ning
Could be wrong, but I believe there are two different groups. One is the older BG owners. Who get week, and converted it to BG point. They do have their deed. The other is club that created by BG when they sell their points. They are more like WM where club owns all the deeds. So whoever manages the club or sit on club has duty to the member to make sure the inventory does not get pull out from the club.
Jya-Ning
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This is incorrect. ALL Bluegreen Points are based on an underlying deeded week and unit number. It is NOTHING like WorldMark. If anything, it is more like Fairfield with the exception that the deeds are held in trust instead of directly by the owners. But, owners have fundamental owner beneficiary rights based on those exact deeds, so owners don't own points that are disbodied from the underlying deeds.
In essence, owners own a fixed week that turns into points for use according to the BVC reservation rules if they don't exercise their right to use that fixed week.
Bluegreen does have control of the BVC board. So, they can change the reservation rules slightly, but not radically without severely disrupting the Club.
To change this fundamental principle for how the Club operates would not work without a major disruption in operations (i.e. hundreds of thousands of customer service calls). They would never try to do it. The Club would grind to a halt.
Far more likely is that DRI will do what Wyndham did to Fairfield and WorldMark. Keep the Club separate, but start consolidating operations and systems for both Clubs to get synergy in cost. And, each Club would get access to the other through developer only benefits. This is way easier to do than start over.
