Bama Bayou goes bust: Grand plans for Orange Beach gateway fizzle - al.com

Bama Bayou goes bust: Grand plans for Orange Beach gateway fizzle - al.com: "ORANGE BEACH — Drawn up seven years ago as a multifarious entertainment district that would someday boast a water park, dolphin shows, shark tanks, several hundred condos, an office complex, acres' worth of shops and restaurants, and a convention center, Bama Bayou has instead become the latest lofty proposal dreamt up during south Baldwin County's boom years to become bank-owned.

Vision Bank, which lent Bama Bayou's developers $21 million, foreclosed on nearly the entire property late last month, then bought up all but a few slivers of the 144 acres at auction, probate records show."