Well that depends whether you're talking 5 years to sale or occupancy. Somehow I can't see that land sitting fallow for 5 years. It'll get the reputation of Disney's Sinkhole.
But the length of time it takes to build an all-inclusive 16 story high rise is the question. What is that... a 2 year project minimum?
Minimum, I'd think, yes...and it could be a year or so more. The plans we've seen aren't exactly traditional highrise construction (the curved shape in concrete and steel, etc). Florida does have the benefit of 365 construction, but in addition you're limited in the hours of work, most likley, because you don't want to interfere with the guests staying in the CR tower. I'd say it's a safe bet that the new AKV building (which they're stating is basically a 2 year project) can go up much quicker.
In addition, this isn't a situation like SSR where you can "sell as you go" when buildings open. The ENTIRE structure has to be built, pretty much, before you can sell one room. You many not have to have all the rooms completely outfitted, but, in the grand scheme of things, that process is shorter than the construction, itself.
I think it came down to the fact, when choosing between AKV and CRV as "the next" DVC, that's what turned the tide: AKV could be established and built much quicker than CRV could. I'm thinking an opening date of 2010 or 2011 is a good bet for CRV...but we'll see. I'd love to see them do it quicker...it would be our first add on (since AKV will be our buy in), for sure.
