Sorry, didn't realize the link I had bookmarked now requires that you now have to sign up to read the article
It's being moved to New Paltz and being saved!
From what I remember of the article, the owner sold it to someone in New Paltz for $1 provided they pay to have it moved and promised to re-open it. It's a win-win as it gets off the property and the current/former owner doesn't have to pay for the demolition...and the place gets saved.
I'll be sure to follow up on it down the line when it's re-opened and take a few pics of the place for a "Before and After" comparison.