Yes, they closed the point and from what I heard aren't able to build on it yet, so as of now there is nothing happening with it, it's just blocked off. Pretty messed up deal, it was some good camping.
They made that small site that is off to the side really nice with grass and pavers. You could probably put two motorhomes on it, and it has it's own dock.
Supposedly they installed or are installing 10 power sites on the other side also. If they could just move the dock over there it wouldn't be so bad.