Take this story with a big grain of salt. I've been hearing versions of this for 5 years on various end times radio shows and ministries. Also, supposedly they created all the gold utensils and what nots to furnish the entire Temple as per the Torah and further, have successfully bred a pure red cow (again as per Torah) to use in the first sacrifice.
The red heifer was disqualified because some white hairs were found on her. However, they are still trying.
The purpose of a pure red heifer is not to be the "first sacrifice" but to follow the Levitical rules for purification. Most people assume that what needs to be ritually purified is the Temple Mount, before the Third Temple can be built.
You may laugh at it, if you wish, but some groups take this very seriously. Namely the Temple Mount and Land of Israel Faithful
What's Janet Reno up to these days, anyway?