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The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Black Rock golf club members lose suit over membership fees

Former members of a luxury golf club on Lake Coeur d’Alene have lost a class-action lawsuit seeking millions of dollars in membership refunds after the club was surrendered to a Spokane-based bank in 2010. The plaintiffs sued Washington Trust Bank and subsidiary West Sprague Avenue Holdings LLC, arguing that they were entitled to almost $29 million in club initiation fees paid to The Club at Black Rock LLC. They also sought $15 million in interest and other damages.

Chesrown files $72 million bankruptcy

Marshall Chesrown, who became the face of posh housing and gated golf course developments in the region but struggled as the economy soured, has filed a $72 million personal bankruptcy to complete the stunning collapse of his fortunes. Chesrown listed his net worth at $514,173 – a tiny sum compared to his billion-dollar aspirations that once included the Black Rock luxury golf club along Lake Coeur d’Alene, Kendall Yards near downtown Spokane, and Legacy Ridge in Liberty Lake. He now lives in Delray Beach, Fla., where he shares a modest condo with a woman and works as an automotive consultant.

Bank takes over Club at Black Rock

Marshall Chesrown has surrendered ownership of his landmark Club at Black Rock luxury golf and housing development above Lake Coeur d’Alene amid the ongoing collapse of high-end real estate in North Idaho.