I don't know much about Aspen Lakes particular situation.
That's a challenging golf environment, business wise. Restaurant and wedding facilities can make or break you in a place like that, where there was/has become no shortage of either. A course has to be fairly dialed in their quality and service in an area with such stiff competiton.
If you can't draw, or continue to draw customers to those aspects of your course, they can quickly become sources of revenue loss. The wrong director in the wrong department can not only mess up the balance sheets for their years of employment, but damage the reputation of those services for years to come.
At this point the actual golf course is usually suffering, or beginning/about to. And then it's up for sale.
Not saying that happened at Aspen Lakes. They have generally good Google reviews, for whatever that's worth. Golf is a challenging business, especially in thriving, affluent, golf heavy economies like Bend.