From other articles, I agree that a Coco Palms Kauai
DVC resort is extremely unlikely. However, just because another developer is involved in a resort project doesn't mean that DVC can't also be involved.
There are a number of Marriott Vacation Clubs in which Marriott works with another developer. The developer provides the location and financing. Marriott brings the name recognition, reputation, marketing, sales, ongoing management, and inclusion in the MVCI network of resorts. In such resorts, Marriott may or may not have an equity role. Presumably, the developer and Marriott both make money, and Marriott doesn't have to come up with all (or any) of the money for land and construction.
Along the same lines, I could see DVD/DVC working with another developer. In fact, in any future off-site locations, I think such a partnership is actually more likely than DVD doing everything themselves.
I recently posted
Could this be the New DVC Resort in Hawaii?, speculating that the developers of the Grand Ko Olina project at Ko Olina on Oahu are likey to want a timeshare partner for the timeshare part of the massive resort complex -- and a DVC resort could be a good fit for the developers and DVD/DVC.
That doesn't exactly mean, "DVC was in the process of buying the Ko-Olina Resort on Oahu." But there will be newly built timeshares at the Ko Olina Grand (in addition to the Marriott timeshares at the south end of Ko Olina). It's likely that the new timeshares will be branded with a trusted, recognizable brand. Maybe, just maybe, that brand could be Disney Vacation Club.