They are going to reopen in 2013 I'm happy to say.
I was there in October and C&C had rebuilt about 75% of the bunkers.
The Kentucky bluegrass fairways looked in remarkable great condition for not having been very well maintained for the last 2 years. The greens will need some work but appeared to be alive. A bit of work is needed on the irrigation system but they didn't seem concerned.
The new owners are actually the old owners, just a little lighter in the wallet and having gone through a bankruptcy filing and auction.
Here is the bunker on the 18th green when you don't maintain it for 2 years.