 Finally, on June 2, 1947, the state purchased the island through a condemnation order for $675,000 (or approximately $5,563,416 in 2003 dollars).The club was turned into a public resort by the state, but closed by 1971, a financial failure.It was made a historic landmark in 1978 and restored and reopened as the Radisson Jekyll Island Club Hotel in 1985.