The golf course and restaurant at the Stonecrest 55+ retirement community in Summerfield have abruptly shut their doors following a massive financial collapse that left employees unpaid and management resigning in protest.
The devastating physical closure is the direct result of a sprawling federal lawsuit over unpaid bills, frozen cash flow, and warring owners.
The deep financial dysfunction crippling the business was laid bare exactly one month before the closure in a Sept. 2 order from the U.S. District Court in Orlando. Judge Carlos E. Mendoza consolidated two bitter lawsuits involving Binyomin Neustadt, who purchased a majority interest in the golf course’s parent company, Stonecrest Investment Holdings, Inc., and the property’s minority shareholders, which include Red Carpet Inn, Ltd…