Diablo Grande sale, settlement approved

12:40 p.m. update: Here's the story on today's hearing.

It looked shaky for a minute there, but after a nearly two-hour hearing, Diablo Grande's sale to World International LLC and settlement with its creditors was approved Friday by Judge Robert S. Bardwil at the U.S. Bankruptcy Court in Sacramento.

I'll have a full story on today's hearing posted shortly. The only thing left that could prevent this sale is World International's own engineering study, which I addressed in this story. If we get the study's deadline of Sept. 26 and World International still hasn't backed out, the sale will likely close Oct. 2.