"Word on the street: an acquaintance heard it from a friend, who heard it from a friend who knows the owner of Galapagos - he's selling out in the next year or so to cash the space in to make way for more CONDOS going up in the hood (NOOOOOOO!!!!!)." [Flora Fling's Filings]
"...someone mentioned that Galapago, the great alternative art space which is next door, will also go down with the wrecking ball." [NY Press]
It's not clear when the club's expansion plan was last updated, but I would rather see them expand than close. The last event currently listed on their schedule is for 2/14. Northsix ( right next door) is definitely closing soon.