Room 710 Closing?

Lucid Dementia used to play Room 710 a few years ago, until we added another guitarist, and felt like we were too big to play the medium sized stage they have there, but when we did play there, it was always an awesome.
I will never forget the band played there the election night W the Bush "won" the first time. Cassandra was still with the band, and upon hearing about the win, almost started a riot...
Now there are rumors the club will be shutting down. Hopefully they are wrong... If it's true, it's another nail in the coffin of live music in Austin.
(Click the pic to check out their website)