As I've said before on this blog, I've given up trying to predict what's going to happen in this case. But I will say this: Right now, at this moment, I don't know of any reason why it won't.
That doesn't mean it will. I just means what I said: I don't have any information to the contrary yet.
I do know, for sure, that World International did not back out of the deal by Friday's deadline. That means the company didn't find anything in its engineering study on Diablo Grande's water to scare it away, which at least says something for its fortitude. World International had until Friday to back out if it found something it didn't like, and it didn't.
There is, though, a hearing scheduled for Wednesday morning that appears, to me, to be a formality — but I've been wrong on these things before. At the hearing, the bankruptcy judge will decide whether to allow language to be added to the purchase agreement specifying that the rights to groundwater in the Marshall-Davis parcel (as well as a water pump and well there) should be transferred to the Western Hills Water District. This apparently was written into the initial purchase agreement, but it was mistakenly removed when it was decided the Marshall-Davis parcel would not be included in the sale.
This will all be explained better in Wednesday's article. I'm not sure it's a big enough deal to be worth explaining twice, so I won't go into any more detail here. But I'm planning on covering the hearing Wednesday, so hopefully I'll have a clearer idea of what this all means at that time.
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