Complex sentence: Eight years later, in 1931, the LISPC came and leased the property from Yoakum, and a year later, became public, at which point the land was renamed the Bethpage Golf Club.
Split into simpler sentences: Eight years later, in 1931, the LISPC leased the property from Yoakum. It was made into public land a year later, at which point the property was renamed the Bethpage Golf Club.