Steve,
I always liked Woodcrest, I thought it was a very interesting golf course, even with the abandoned holes across the road.
As a guest over the last 20+ years, one of my observations was that the club spent substantial sums on Non-Golf Capital projects over the years.
It's always been my theory that prospective members don't join and existing members don't stay ... because of the chicken salad.
Club after club makes the mistake of getting top heavy.
Making/expanding the physical facility and increasing services which in turn drives up maintainance costs to the point that they become burdensome.
Too many clubs want to be all things to all members, at the expense of the most important asset, the golf course.
I would imagine that clubs that focused on golf rather than the collateral activities, especially food service, are in prefered positions when the economy sours and memberships become scarce.
I thought that Woodcrest had some spectacular holes and that with a little more work/effort/$ the course could have been unique, making the a more attractive choice.
It would be interesting to see a comparison of financials between clubs that offer limited food service and clubs that try to be all things to all members.