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Restitution questions for owners (by Fibo N.):

According to the 2017 MC Annual Budget timeshare charges come up to $ 35,989,594, management fees $ 6,482,049, and rentals approximately $ 7 million. Total income =$ 47,009,535 According to 2018 MC Annual Budget timeshare charges increased to $ 37,123,133, management fees $ 6,482,049, and rentals approximately $ 7,7 million.Total income = $ 49,069,387

Total income raised in amount of $2,059,852 in ONE year. Would they care about $6,5 million?

jeff_reports wrote:

AG today has not provided copy of settlement nor provided any verbal clarifications about the many questions owners have about the case. Here are some numbers from the court records that may put the settlement into perspective. Eichner's management company charged a $6.4 million fee, per year, to manage the club. That number is nearly identical to the $6.5 million the AG says will now be made available as restitution to owners. TMC owners, on average, have paid $30 million per year in maintenance fees while renters contributed another $4 million and Bluegreen/TMC owners paid $2 million annually. Those are numbers from two years ago. Current numbers could be higher.