Reecoin is open source, which means that everyone has access to its code and can continue development of it. It's here: https://github.com/Reecoin/Reecoin-Project

If I were a programmer, I would absolutely take up the project. I've only dabbled in some C# for small projects though and this is way over my head. I wouldn't be surprised if a professional eventually adopted Reecoin if for no other reason than bringing it back again could mean an easy 100x or more on an investment. There's no one working on it at the moment though.