Land that sent Russo to prison foreclosed

The property once at the center of the federal government’s corruption case against former Mayor Steve Russo and later slated to host a 258-home subdivision has been foreclosed.

Probate records show that the property’s owner, Deck Investments LLC, paid almost $3.1 million for 62 acres on Canal Road and a nearby waterfront parcel on Gulf Bay Road in two separate transactions spaced about two years apart.

Deck Investment’s lender on both purchases, Vision Bank, foreclosed on both properties and later bought them at auction with a bid of $2,006,900, according to a foreclosure deed filed in Baldwin County Probate Court late last month

Land that sent Russo to prison foreclosed