Got the email from my TA. Below are the three options...
OPTION 1: You will receive a $75.00 Disney gift card, per night, if you
choose to stay at Caribbean Beach from May 1st on. This is for any for any
inconveniences that you may incur during your stay.
OPTION 2: If you don't want to take the $75 credit and you want to be
moved, without paying extra (same rate as CBR), you cannot choose where
you are moved to. You must be sure that you want to be moved, at the same
rate, and Disney will let us know within 3 weeks or so where you will be
moved to. You can't change your mind and decide that you want the $75
credit and stay at Caribbean Beach Resort once the decision has been made.
It will definitely not be a standard room at a value as in All Stars or
Pop, however there is the chance of being moved to a suite at AOA, another
moderate resort, or a deluxe resort. Again, you can't pick where you will
be moved to. Disney has a lot of moving parts in this process, and they
are simply moving people where they can.
OPTION 3: If you would like to explore other options with our Agency
Exclusive discount offer, or with any other offers that Disney may have
out there, we can cancel your Caribbean Beach Resort reservation and book
a new reservation at a resort of your choosing.
I chose to stay at CBR and take the $75/night gift card. The extra $525 spending money will come in very handy for us!