...or, the property on which it sits has been sold. The property owners, not the owners of the club who (like most of us) were renting the land they inhabit, have closed a deal. In fairness, a property owner isn't obligated to care about the club that sits on their property-- they have real estate, and can do with it what they please.
The Funhouse as an entity, as stated in that release, isn't dying... it's just moving. So we'll keep our feelers out for where the new version of the venue pops up.