N. Idaho marina bankruptcy filing rejected


by KREM.com & Cole Heath


Posted on January 28, 2013 at 7:49 PM

Updated Monday, Jan 28 at 8:02 PM

WORLEY, Idaho -- The future of a popular marina on Lake Coeur d’Alene is still in limbo.

Last week, a federal judge threw out a bankruptcy claim for Conkling Marina and Resort near Worley, Idaho.

Now the property will go up for auction.

The bankruptcy was designed to slow down foreclosure, but now that is not going to happen.

Thomas Kirkpatrick is the former owner of the marina. Back in 2007, he sold it to a group called Coeur d’Alene Marina Project LLC for $5 million paid out over five years.

Kirkpatrick said the company still owes him about $3 million. Now that the property is up for foreclosure, he hopes he gets the money back.

KREM 2 News tried to reach out to Coeur d’Alene Marina Project LLC and its leader Paul Martinez. Calls and emails were not returned to see how this will affect those who use the marina.

A message on the company’s website states: “At no point, no matter what the outcome, will the court allow you to lose any of your deposits and payments for boat slips or your spot next year”.

A deposit is about $400, and the entire payment is due next month to reserve a boat slip for this upcoming summer.

Kirkpatrick has seen the notice and said he is concerned that online claim may not hold up since the case is no longer in federal court, He is filing a restraining order to freeze deposits already made to protect them, whether his family gets it back or someone else takes over if the property is auctioned off.