Changed ownership and reopened as Jag's Clubhouse.
From the Pantsless in Portland blog post:
"...Rooster's is in a two-story house painted red to look like a barn. On the side of the building there's a large painting of a leather-clad rooster riding a chopper and brandishing a large gun, and if you look closely you'll notice there's a bullet shooting out of the gun. Well that's just badass. The parking lot is pretty small, only really fit for motorcycles..."
"Entering the club, the floor was bare cement and littered with peanut shells. Stacks of bar supplies lined the wall. There were monitors displaying live feeds from the parking lot to make sure no one's fucking with your bike. A grizzled, bearded man sat at the end of the bar, petting a small dog curled up in a little doggy bed. Another dog circled his feet, wagging its tail. The man greeted us as we walked up to the bar, immediately identifying us as first-timers."
"...one of the friendliest strip clubs in town. Sure, it's a dive, but it's a cozy one at that, and it's got a hell of a lot of character."