This is an interesting one.
Of course, I'm in favor of the course continuing to exist. It's a fun layout, an Emmet course, and much like most of New England, there is a limited number of public, golden-age, affordable, quirky courses with pedigree and/or history like CCCC, Bass River, Highland Links, etc. If it ever got the funds, CCCC could be restored into something really cool, and that's not to say that it isn't pretty darn cool now.
The Friel family has been a longtime golf developer and supporter, especially in NH, as they have owned a handful of courses over the years. It looks like the family is going a different direction that doesn't involve golf (or as much golf), as this is one of two properties they are divesting. They are not a "big bad developer." Falmouth certainly has an opportunity to step in and preserve the course, and facilitate a change in ownership. It would be sad to see it go.
I would say that David Friel's letter reads as tone-deaf given the pandemic bump golf has enjoyed, but I believe golf was on a slight downswing prior to 2020.