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A golf course was closed in my hometown 3 years ago, and a developer wants to put in a 55 and older community with over 500 single family homes (plus some offices on the main road). The pitch to the village is that the homes generate tax revenue without straining the schools. People who live around the golf course tried to make the village buy and operate it, but that won't happen as the golf course was losing over $1M per year. Don't buy a home for a view you don't own.
I say, since it's a sprawling suburb and the plot isn't particularly central, let it grow into a forest preserve. I kind of wish forest preserve districts were given more money to buy up plots like this.
