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The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Then and Now: Union Pacific rail yard

Now the site of the Kendall Yards mixed use development, the area northwest of downtown Spokane and the river was once home to the Union Pacific rail yard. The railroad moved out of the area in 1955, but development of new housing, retail and commercial businesses did not proceed in earnest until after the economic downturn of 2008.

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.

Marshall Chesrown, bankrupt developer, faces new financial fights

A trustee wants to recoup more than $2 million that bankrupted real estate developer Marshall Chesrown gave to family and friends as his fortunes were collapsing. The legal efforts, for example, target at least $1.3 million Chesrown transferred to his son, Scott Chesrown, in the years leading up to his $72 million personal bankruptcy filing.

Former Chesrown CDA property sold to new group

A new group has taken ownership of Lake Coeur d’Alene property once slated for a project by developer Marshall Chesrown, then considered as a new location for a Boy Scouts camp. An investment group that includes Fortune 500 company Fidelity National Financial Inc. recently purchased 250 acres at Sunup Bay south of Rockford Bay, on the lake’s western shore. The price was not disclosed.

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.

Next Kendall Yards phase begins

The company developing Kendall Yards has started construction of the first commercial building and is finishing plans for a second as it tackles the next phase of Spokane’s largest mixed-use project. Greenstone Construction crews this week will set the foundation and erect walls of the 5,900-square-foot Cedar Street Park Commercial Building, at the intersection of Ide Avenue and Cedar Street in the center of the Kendall Yards project.

Liberty Lake Legacy

Copper Basin Construction expects to wrap up the final stage of work on its Parkside at Legacy Ridge, the third phase of a large residential development hatched several years ago by developer Marshall Chesrown. The Hayden, Idaho, construction firm took over phase three of the Legacy Ridge project after AmericanWest Bank foreclosed on Chesrown’s note in 2009. Copper Basin bought the properties from AmericanWest.

Bank sues developer Chesrown over loans for Lake CdA development

Mountain West Bank has filed a $12 million breach of contract lawsuit against Marshall Chesrown, whose luxury home and golf course projects in the region have been foiled by economic collapse. It’s the latest round of financial troubles for Chesrown to end up in court. The suit centers on a series of loans related to his Ridge at Sun Up Bay development on the west shore of Lake Coeur d’Alene, said his attorney, Barry Davidson.

Black Rock golf course bought

A group of eight homeowners in the luxury Black Rock golf club and housing development above Lake Coeur d’Alene have joined together and bought the golf course, clubhouse, beach club and other facilities. Club memberships were terminated before the new investment group took over. The new owners began selling buyback memberships for $25,000 this week. So far about two-thirds of former members have committed to pay the new fees, said attorney John Magnuson, who helped broker the purchase.

Black Rock facilities purchased

A group of eight homeowners in the luxury Black Rock golf club and housing development above Lake Coeur d’Alene have joined together and bought the golf course, clubhouse, beach club and other facilities.

Open space designation fields many nominees in county

Three dozen properties have been nominated for purchase by Spokane County’s Conservation Futures program. The candidates to become permanent open space vary from half an acre to 920 acres and are scattered across the county.

Chesrown gives up 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. Washington Trust, a privately held Spokane bank, filed public records in Kootenai County this week taking the deeds from Chesrown in lieu of foreclosure.

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.