With the amount of real estate that 96.9 covers, I'd suspect it would be the simulcast partner of KSBJ and all those translators that service Bay City, Victoria, etc. would become properties up for sale. All this NGEN talk seems highly unlikely due to the sheer power limitations of the translators themselves.
Most of the KSBJ stations are NOT translators. There are a couple of C2's, a couple of C3's, and an A. KZBJ is the only one that would more or less duplicate coverage (of 96.9.)
I rather doubt KSBJ would sell them, anyway. As non-comms, the stations would probably wind up with a competing religious broadcaster, such as EMF.
I mean, even if you take the current KSBJ translators together and simulcast "NGEN" on all of them, you wouldn't even be able to cover half of the Houston metro population with the format.
No, but if NGEN is placed on KZBJ it's a lot of added territory on the south side of the market. And Brenham and Bryan/College Station already have translators with the NGEN format. Throw in the Sugar Land translator and they would just need to find something to cover the north side.