The Colony Plaza in Ococee, Florida was originally a hotel designed to provide accommodations to Orlando and Disneyworld. After changing ownerships numerous times, it finally became a timeshare complex with approximately 500 owners. Then, about a decade ago, the sprinkler system became unstable and the building was shut down because of the fire hazard. So, after ten years of abandonment, theft and being a general eyesore to the community, the Colony Plaza was imploded. Remarkably, some timeshare owners still have ownership.
We wonder how much the maintenance fees are now?
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