David:
I have to start with that because you just asked the same question just about every single visitor with any interest in golf courses ALWAYS asks. It seems everyone sees this land, everyone speculates on what a great course it would be.
I'm not 100% sure who owns it, but I think it's the US government... most of it being artillery range for Fort Ord. Perhaps others know the exact details. But every time this comes up, every time someone reminds us that it would damn near impossible to develop into a golf course, just due to the seemingly insurmountable regulatory hurdles.
TH