TEPaul,
I believe that a positive, micro trend is occuring in your area.
A "keeping up with the Jones's" renaissance.
I also think it's helpful that many of the courses in your area were designed by the same man, the noted architect Flynn.
When one Flynn course undertakes a project that turns out successful, it sets the bar higher for other clubs, and sends out the signal that restoration is the direction of merit, influencing other clubs to embark upon similar projects.
This localized "feeding frenzy" of restorations is great for golf course architecture and golf.
I say that in the context of the massive and numerous disfigurations of golf courses, over the last 50+ years, by green committees, boards and club presidents.
Let the trend continue.
Now, if you could just get the 12th and 7th holes at GCGC restored, I'd really appreciate it.