Rick is correct. The land Gator Hole sat on became too valuable, and they sold it for development. A shopping center now sits there, with a Home Depot in it and an IHOP. In fact, I ate at the IHOP my last time down there 2 months ago. I alway knew where Gator Hole was located, right where the northbound lanes of route 17 went from 3 lanes down to 2 in N. Myrtle Beach. I played GH a few years back.
This situation makes me think of a new thread to post: "How many 'NLE' courses have you played?"
Off the top of my head, I can think of 4 1/2, though I'd bet there were more:
-Gator Hole
-Font Hill (exec course outside Baltimore)
-Sing Sing (par 3 course in Horseheads, NY)
-the 'old' Finley (UNC's former course, before Fazio came in a built a completely new course, with a different routing)
-Virginia Tech GC's front nine, which was closed to build a conference center.