The Rumford, R.I., club filed for bankruptcy in January 2017, but The Nature Conservancy of Rhode Island’s recent $2 million purchase of development rights for two-thirds of the property has helped the club repay about $4.5 million in debt. Under the agreement, the land will be preserved from development, and the club will incorporate environmentally…

The non-profit, Rumford, R.I., club filed for Chapter 11 on January 13, and has since sought court approval to pay its staff of 30. The club was founded in 1897 and offers an 18-hole golf course, 14 outdoor tennis courts, two indoor hard courts and three squash courts to its 420 members.