As a player who learned the game playing at a muni in rough shape (Maple Moor GC in White Plains, NY - home of the 7 hour round) I have fond memories of my time on the public links. With the recent rennovations of TP and Bethpage, it has started me to dream of other muni's whose greatness could be revealed if someone would just lift the years of neglect away.
My candidates:
Cobbs Creek (Philadelphia, PA - H. Wilson 1917): As a resident of the Philly area, this was one of the saddest rounds I have ever played. I played with an old time resident, who pointed out what the course was like before they changed it in an attempt to speed up play. I liked the green on #2, #3 as a driveable par 4 and #5 with the creek bisecting the fairway. You can see some design similarities with its big brother up the street (Merion). It is under new ownership, and they are maintaining it better, but I would love to see it restored to the initial routing. You can see a great course underneath the wear and tear, but someone needs to uncover it.
Norwich GC (Norwich, CT - D. Ross 1920) I played this course the last time I visited the Mohegan Sun Casino in CT. The greens are quite small and the topography allows for a number of sidehill/quirky lies. I particularly liked #2, #16, & #17. #17 in particualr has some great topography, and looks like the kind of hole you would find in Ireland. However, it is a bit odd to end with the short par 3 18th. I would rather see 18 become #16 and then play #16/#17 as #17 and #18. I have often commented that the Casino should buy the property (it will never happen), and restore the course to tournament level shape.
Any others out there?