JDoyle,
There is good news and there is bad news ?
The good news would be if someone who clearly understands the magnificence of the asset, buys the golf course from Yale,
and undertakes the necessary work needed to restore and maintain it. Very few doubt that with those items addressed, Yale would be a top 25 golf course. A purchaser could reach an agreement with the University to perpetually accomodate students, faculty and alumni, keeping everybody happy. I hope this happens and happens soon, everyone would benefit, and the golf course would be returned to its rightful place, amongst the greats of the world.
The bad news is, the University really doesn't care about the golf course.
I believe YALE has the second largest endowment amongst US institutions, and that their investment policies have allowed them to make substantial gains, even in these last few, difficult years, SO, unfortunately, money isn't the issue.
They have plenty of it, enough to restore and maintain the golf course properly, if it was on their list of priorities, which obviously it isn't.
But, that's just my opinion, I could be wrong.