Hope I'm not overstepping by posting it but this is what Andy Wardman at glentress says:
"I believe plans detailing modifications required to the wallride have been made and a planning document is being prepared which will then have to be approved before any work can commence. I don't have any more details unfortunately as i'm not personally involved in this.
So, it will be reopened but before then it needs planning doc approval, then construction of modifications then sign off. Don't have a reopening date yet."
I don't think the rumours of a big crash are true though, way I heard it is that it's basically just an FC red tape/authorising nightmare come real. But there's so many rumours floating about, who knows? But like ChrisL says, doesn't look like there's any actual plan to tear it down, all the planning is around getting the thing open.
Is this a good time to spam the funding application for the Cardrona Pump N Jump track?
http://www.peoplesmillions.org.uk/regions/border/projects/cardrona-pump-n-jump-track