Interval International bought a building there, and the units will be sold as time shares. They will pay Reef Village the maintenance fees for each unit, which will be a lot of money, when you think about each unit, times 52 weeks, times what ever the maintenance fees will be. This will be a great off-set for the full time owners, and the project will have to keep the area up to the specifications of the II standards. We own an II unit here in the states, and it's fantastic, always in perfect condition, from the pool to the bar/restaraunt. I think it's a good idea, and even though we will be selling our condo, we will still have the villa, and I think, or at least I hope, it will be a "good thing" for all concerned.
AmbergrisCaye.com 
