Looks to be that way.
Back in 2009, the city contemplated selling the site to Admiral Linen next door, and opening a new recycling center on Spring Street in the First Ward. See here, here, and here for background. The move was opposed by First Ward residents on the grounds that the area was becoming too residential for such a facility, and Super Neighborhood 22 residents, who wanted the city to consider other options for the Center Street site such as a city-owned parking lot. I presume this has come up now because the city will need revenue to close a large budget shortfall for the next fiscal year. Arguably, with the success of the single stream recycling program, this center isn’t needed as much any more. I know I haven’t been there since we got our big wheely bin and could get glass and cardboard picked up along with everything else. I don’t know anything more about this beyond the fact that I spotted that sign on the site the other day, so I’m just throwing this out there. Anyone else know something about this?