I have it on good authority that it will re-open, but don't know the specific date.  What I've heard is that the family of the slain owner wants nothing to do with "the scene", but Mistress Cyan (creator of the DomCon convention) might work out a deal to run it for them where the family is "hands off" and just collects a percentage of revenue.  A lot of former employees are now at places like The Dominion.  Some of the Saturday party goers now attend events at the other BDSM clubs in the Valley, or elsewhere.