This is a good post. Janet Tutt and the Developer should be responsible to bring this to closure. That is the Villages General Manager and the Developer who had been hiding it for 8 years from the Residents. Now is the time for them to "man up", take responsibility for this getting to this point and fixing it.
If people want to do something constructive to try to keep the LLC open: Instead of merely posting assorted thoughts, questions, and name-calling here (none of which will have any practical effect): Contact the plaintiffs, Janet Tutt (who represents the two CDD defendants and ought to be looking out for the welfare of all the residents, not just the interests of the Developer), and the Developer (who really controls the School and the LLC and whose motivation in shutting down the LLC is not at all clear). Ask, in their view, what it would take to settle the lawsuit and keep the LLC open and why more isn't being done to reach such a resolution. I am working along these lines myself, but more people contacting the relevant parties and Janet Tutt would be more effective.
FYI: An announcement on the College website reads: "The college has unfortunately been forced to close operations as of 12/31/16." There is no explanation as to exactly what "forced" the closure.