Of course, there could always be a fearless entrepreneur on the horizon who wouldn't mind losing some money to try and make a success of the course. But that seems a bit farfetched at the moment.
Ultimately, the city and its residents have to make the decision about how best to use the the land. They can wax poetic about the beauty of the golf course and making Alexandria a destination, but the city needs a plan of action.
In summary Ultimately, the city and its residents have to make the decision how best to use the the land at Yule Golf Course.