As Mark C notes, a club has been lost. But a course has been gained. I have played it several times since the sale and each time increased my desire to go straight from 18 green to 1 tee. To wit:
*underbrush and some trees cleared (more need to go -- would be wonderful to see 12 green in particular opened)
*greens being brought back (they were 100 percent thatch and treading on them instilled the worst feeling of guilt -- "poacide")
*bunkers being restored
In all this the management has made assurances they have no intent to change the course, merely to improve the conditions. Disclaimer: very few on this board probably care less about conditioning than me. (But I did worry about those greens!)
As to the club, bizarrely I saw women on my last visit (and the door to a ladies locker room), there's a pro shop -- and a pro!
I recommend this course without exception -- every visitor should put it on his must-play list.
Mark
PS I have some crappy cell phone pics if you're desperate.