Rivermont
We actually sold our Jr. Olympic pool and diving board and tennis area (eight courts, tennis pros, clay courts) back in 2006. Lucked out and sold to a developer before the crash. Part of the deal meant that in addition to getting money to help pay for our course renovation, the developer agreed to build, own, operate and maintain a pool and two tennis courts. My golf members have access at no cost to the pool and courts for free and the club does not have to pay for their use either.
Best of both worlds. Granted we do not have swim or dive teams anymore or a tennis "program" but my golf members have a pool to go to if they wish and some courts to hit around on too. Both are very under utilized.
One of our best decisions ever--we concentrated on being a golf club with good social events and nice food and let the other clubs focus on the "country club lifestyle" When the great recession hit, we were small enough and focused enough to survive. I still believe golf is just fine, it is the country club industry that is a train wreck.