Diablo Grande clears final(?) hurdle

By all accounts, Diablo Grande today cleared the final hurdle in its sale to World International LLC. At a hearing at the U.S. Bankruptcy Court in Modesto, Judge Robert S. Bardwil offered no opposition (nor did any of the parties involved) to a motion brought by Diablo Grande to amend the purchase agreement to include the transfer to the Western Hills Water District rights and equipment for groundwater pumping from a piece of land south of Patterson that is being excluded from the sale. For a more detailed description of the changes to the agreement, read my article from today's paper.

With that settled, it appears everything is on track for the sale to close Thursday. The ever-elusive Dwain Sanders, Diablo Grande's vice president of development, said as much following today's hearing. Sanders declined to comment on the sale itself, saying the buyer had requested he not speak to the media until the sale closes, but he did say a press release should be distributed once the sale closes. Hopefully I'll be able to get a comment from him them.

It remains to be seen what World International plans to do with Diablo Grande, but its history suggests it will continue with some version of the original plans for a resort hotel. The few residents I've spoken to about this seem to be optimistic. I am curious how other residents view this sale. Is this cause for celebration? Or are you in wait-and-see mode? Feel free to leave comments below.