According to the Bee today. The Nut Tree will be rebuilt on its original site:

Nine years after the original Nut Tree folded, groundbreaking is set for Aug. 25 on a $200 million development alongside Interstate 80 that will include restaurants, hotels, townhouses, shops and a farmers market. There will be a kiddie-style amusement park, complete with the old miniature Nut Tree train.

I’m very excited at the prospect of a new miniature Nut Tree railroad and the opportunity to purchase comically oversized cookies and undrsized loaves of bread. No word yet, though, on whether or not the new development will feature a 1776 ft “Freedom Tower.”