THE 6500 ACRE SARGENT RANCH, NORTHWEST OF SAN JUAN BAUTISTA, IS SET TO BE SOLD AT A FORECLOSURE AUCTION ON JULY 26TH. THE LENDER FORECLOSING ON THE RANCH, FIRST BLACKHAWK FINANCIAL CORP. OF DANVILLE, IS HOPING TO RECOVER MORE THAN 21 MILLION DOLLARS FROM THE SALE. BUYERS WILL TAKE OVER SARGENT RANCH LLC, BUT WILL NOT OWN 100% OF THE LAND. WAYNE AND MARCI PIERCE OF LA JOLLA OWN 85% OF THE RANCH. A 35 MILLION DOLLAR DEVELOPMENT PLAN WAS SLATED FOR THE RANCH IN 2007, BUT TRIBAL PAPERS FOR THE DEVELOPMENT FORGED BY IRENNE ZWIERLEIN WERE DISCOVERED BY THE DEPARTMENT OF THE INTERIOR. THE RANCH OWNERS FILED BANKRUPTCY THREE YEARS LATER.
