The town has laid out new terms for its contract with Billy Casper Golf, designed so the town “will no longer face unlimited and uncertain liabilities for golf operations while a long-term plan for the site is worked out.” Under the new terms, the town will make an annual payment of $195,000 to the management company, will split golf revenue 50/50, and the town can end the agreement in the event of a sale.

Eric Vargosko is leading the effort to reopen the Cramerton, N.C., golf course and clubhouse, which closed in summer 2012 while still under the name Cramer Mountain Country Club. A group of 240 residents signed up to buy and reopen the facility, raising $2.5 million, with plans to build a new swimming pool, tennis courts, basketball courts and playground, and improve the golf course.

The Black Mountain Board of Aldermen voted unanimously to negotiate out of a five-year contract with Billy Casper Golf. The contract is set to expire in September 2016, but the Board is pointing to $254,000 in losses in order to break the agreement, which could cost the town $100,000.

The community outside San Antonio features seven lifestyle-based clubs, including The Golf Club, anchored by a Jack Nicklaus Signature course. The development has seen a 38 percent increase in lot sales over the past year and now has over 650 families.