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The project was sold out in November 1977.
Chief business officer Greg Nathan called the decline in golf courses a "natural market correction.'' In an email, Nathan said a two-decade building boom that started in 1986 produced a glut of golf courses.
EDMOND The 1988 PGA Championship at Oak Tree Golf Club was a huge success.
Landmark Land Co. showed a 1990 year-end loss of $221.5 million and eventually filed for Chapter 11 bankruptcy.
Mathis said he knows of no ill feelings still held against Oak Tree Golf Club from the 1990 fallout.
In August 1994, the Golf Club Preservation Group which consisted of Oak Tree members Don Mathis, Walter Duncan, Ran Ricks and Art Swanson purchased Oak Tree Golf Club for $3.5 million.
The foundation found that 211 golf courses in America permanently closed in 2016, and 15 opened.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Highland Country Club | 1938 | $400,000 | 50 | - |
| Spring Valley Country Club | 1963 | $400,000 | 50 | - |
| Pinehurst Resort | 1895 | $103.5M | 1,000 | - |
| Out Door Country Club | - | $3.1M | 30 | - |
| Prestonwood Country Club | - | $14.0M | 200 | 13 |
| Shadow Wood Country Club | 1998 | $15.6M | 250 | 1 |
| Stonebridge Country Club | - | $7.4M | 150 | - |
| Rolling Hills Country Club | 1965 | $10.0M | 50 | 20 |
| BocaWest CC | 1985 | $36.0M | 500 | - |
| Hidden Valley Country Club | 1928 | $10.0M | 350 | - |
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Oak Tree Country Club may also be known as or be related to BEAR VALLEY SPRINGS ASSOCIATION, Bear Valley Springs Association, Bear Valley Springs Equestrian and Oak Tree Country Club.