Disney isn’t spending any money on DVC. That’s why they love it. They set up a shell company, it is owned by the future buyers of the resort, not Disney, so they keep it off their books, and they make back the cash in the first 6-12 months the resort is on sale so the cash flow impact is minimal.
And yes, BW’s site is the single most valuable piece of hotel real estate in WDW yet they can’t get anywhere near the pricing it deserves with the current property. I think BCV is too small and BWV is a terrible use of that hyper-premium spot of land, and will be an even worse use of the land in 2041, and I think BWV is almost certainly a tear down, it wouldn’t surprise me to see BCV go that way as well.
BW / crescent lake overall needs a coherent land use plan, a smarter overall layout, and larger retail spaces, while BWI/BWV or whatever goes there next needs indoor access to dining, better indoor common space, a floor layout that flows and provides better access from the rooms to the resort’s infrastructure, and a dozen grand villas. They’ll likely want to add very premium specialty options there too (think Cabins).
I don’t think that land space will look *anything* like what it does today in 2045.