Bella Collina Property Owners, in Lawsuit, Allege Racketeering
One of Central Florida's most troubled house developments, the upscale Bella Collina country-club near Clermont, was hit by a proposed class action lawsuit by people who bought tons there before the development went dormant in the Great Recession. The lawsuit alleges that the owners behind the Bella Collina company, for example Palm Beach businessman Dwight Schar, intentionally sought to destroy property values so as to drive out bunch owners so they could repurchase the entire project at super-low prices. Schar and his regional business partner, Randall Greene, are not commenting. A company endorsed by Schar called DCS purchased Bella Collina lots, the Nick Faldo-designed golf program and the $40 million clubhouse at 2012 for only $10 million. They had declared new sales would start again in 2014, also declared the started building on nearly 30 new houses in 2016, but there's been little new construction visible on satellite photos. Attorneys representing th