It is already closed. I tried to get a tee time there about 3 weeks ago. Ended up on We Ko Pa Saguaro, which was very enjoyable despite waiting to hit just about every shot.
I was told that it would be closed "....while they are putting all the infrastructure in." I took that to mean the infrastructure for all of the housing that will soon surround the course, ala Tonto Verde and Rio Verde.
It should be interesting to track the opinions of the course once the "Vistas" become tile roofs.