By Candace Taylor | The Wall Street Journal
Since retiring to a home overlooking the 17th green at Sapelo Hammock Golf Club, in Shellman Bluff, Ga., Michael Hardy has spent many an afternoon with friends on the golf course. But instead of swinging a club, he’s mowing the grass and trimming branches.
Nine years ago, Sapelo Hammock was losing money, and became one of the many golf courses to close across the country. As the value of the homes on the deteriorating course plummeted, Mr. Hardy and his neighbors raised the money to buy it, then worked for months clearing…