UPDATE: Pyramid has posted a press release: http://www.pyramidsoundstudios.com/pressrelease.html
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If you somehow haven't been in the loop on this, here you go.

The following has been copied verbatim from City of Ithaca Mayor Svante Myrick's Facebook post.

This is one site of the story, but also the final decision. Owner Alex Perialas spoke with Ithaca.com earlier in the month: http://www.ithaca.com/news/ithaca/article_00af9f6e-b4e6-11e1-bd5b-0019bb2963f4.html

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On June 19, 2012, the City of Ithaca declared unsafe Pyramid Sound’s buildings, legally requiring that they be vacated immediately, and that repair or demolition commence by January 1, 2013. Many in the community have questions and concerns about these actions. I’ve tried to answer as many as I can individually. Below are some answers to frequently asked questions..

Q: Isn’t the City declaring Pyramid’s buildings unsafe just to make construction of the Clinton St. bridge easier or cheaper?

A: No. Pyramid’s buildings are structurally unsafe and in danger of collapse, and would be so even were the Clinton St. bridge project not underway. A structural engineering analysis of Pyramid’s building concluded that:

“The cracks and displacement are clearly indicative of prior damage, settlement, and rotation. . . . [T]he settlement and movement at the load-bearing walls is significant [and] a serious concern as further movement or settlement of either of those walls could cause catastrophic failure of the building as they support the steel roof beams.”

Q: Weren’t all the cracks in Pyramid’s building caused by the bridge project?