But DVD amended the POS and the ground lease without getting approval from the owners first.
So, the question will be do they have to pay anything other than dues for the 15 years? Obviously an owner won’t be allowed to use without paying those, but can they legally suspend the account for not paying a fee for the extension?
I think that is going to be a tough one for DVD since the change to the POS, without the quitclaim signed, from the way I understand it is that those owners now have use until 2057.
It’s why nothing like that will happen again because it’s too messy.
that’s for sure. I would’ve loved to be a fly one the wall in the board room as this epic disaster was taking shape!
I imagine the future will be filled with contracts expiring, buildings being renovated or sold off and the ones that remain will have new leases being sold for another 50 years. A lot more money for Disney this way!