Luxury housing developer files for bankruptcy

Luxury housing developer files for bankruptcy

Luxury housing developer files for bankruptcy

Print
Email
|

by Associated Press

KTVB.COM

Posted on June 26, 2013 at 10:55 AM

Updated Thursday, Jun 27 at 11:19 AM

SPOKANE, Wash. -- Marshall Chesrown, who built a series of upscale housing developments in the Inland Northwest, has filed for personal bankruptcy.

The $72 million bankruptcy filing in Florida follows the stunning collapse of his fortunes that began with the economic collapse of 2008.

The Spokesman-Review reports that Chesrown was involved in building the Black Rock luxury golf community along Lake Coeur d'Alene, the Kendall Yards development near downtown Spokane, and Legacy Ridge in Liberty Lake.

He now lives in a condo in Delray Beach, Fla., and lists his net worth at $514,173.

Print
Email
|