South Street Seaport

I heard from an unreliable source recently that the South Street Seaport was going to close the area for renovations. This included all restuarants. The only part that was going to stay operational was the free IKEA taxi. I admit the area does need an overhaul, as many structures look like they are going to fall down. But closing all stores to do it will deeply affect NYC's economy.

Anyone have any idea about this?