Ken,
Would you pay for you and your wife to play Chambers Bay?
Not a chance...
I'm currently sitting in a B&B that's less than 10 miles from Prestwick, and I'm having a hell of a time convincing myself that it's worth 150 GBP... my wife says since we're here we have to play the home of the first Open Championship, but Damn that's a lot of money.
$300 for Chambers Bay is too much. But then so are the fees at Pinehurst #2, Pebble Beach, Bethpage Black, Torrey Pines South, Bandon, Prairie Club, The Old Course, Royal Dornoch, et.al.
Hell, I've played Karsten Creek in Stillwater OK a few times and there's NO CHANCE I'd pay the asinine $325 they're asking now. I played it for free as a volunteer at some tournaments they hold, and even paid $150 last fall when my wife had a free round coming and could take a four-ball for the normal accompanied guest fee.
Those courses all have perfectly fine reasons for setting their fees where they do. Commonly it's to hold down demand for access. In some cases, Karsten Creek for instance, they don't need your money, have endowed every hole to something like $1 million for maintenance.
Chambers is (apparently) using the money to help pay for their 900-acre park.
Fair enough, but I do what I can to get on for less than retail.
K