On my list of ailments to discuss with my doctor I will be sure to include how much rent he pays!
There are very many businesess that either close or move for many reasons that will never be known to the public because it would embarass the owner/doctor/etc.
The most convenient excuse that places the responsibility for the event on someone else....the developer or that most often used one "TV".
In my humble opinion it is a too often used urban legend of convenience.