There is much misinformation and incomplete information driving these recent articles, posts, comments, etc. Bitcointalk will not be where this information will be clarified, at least initially.
However the founding manager is in close continuing contact with the former owner of the land at Galt's Gulch, of which the former land owner has equity in Galt's Gulch and the intentions of seeing this project through. The water rights are in no danger whatsoever. Zoning of this land was made known to investors that approvals were incomplete before the time of their investment. Resolutions to starting investors concerns have long been in the works despite longer timelines being unforeseen. Resolving the recent problems is not limited to the potential change in management of which the founding manager has been willing to negotiate, and this project is indeed viable from a perspective with boots on the ground.