While I hate to see any course close, if you were going to choose one to shut down this would be a prime candidate. That land was pretty bad for golf, particularly in contrast to nearby Papago.
While each course closure involves multiple causes, it does seem to me that design quality is a factor affecting whether courses survive. That factor does not have as big of an impact as location or potential alternative uses of the land. However good courses spark loyalty that make it more difficult to plow them under when other economic factors suggest other more lucrative uses of the land.