I vaguely recall at the end of last year reading that the budget for the Cardiff Story had been completely withdrawn by the council. It may thus be closing, regardless of what may or may not happen to the Old Library building.
I'd love to see some big plans for that building, having had many a conversation about what 'could' be done with it. One slightly wine fuelled rainy afternoon (on a sofa in the Cosy Club) had us envisioning a grand redevelopment of the St David's Hall site to include opening up the foyers into the old Habitat building with bars, restaurants and life - along the lines of the South Bank Centre - which quickly spread to include a glass atrium entirely blocking the road outside the Hall to unite the complex with the Old Library. I think we went on to involve the Hayes Island area in this grande projet (but it all becomes a bit hazy at that point...)
Then the Miller and Carter and Burger&Lobster combo went in, scuppering that plan somewhat