Like the recently closed It's Tough to Be a Bug! entrance at A Bug's Land, the land has suffered from damages that they are not bothering to fix at all (most notably the cardboard cartoon mountains), which got me the feeling that they will demolish the land to make either its own Fantasyland expansion (like what they did to Mickey's Toontown Fair at Disney World), a Frozen Land, or its own Storybook Circus themed area.
If this does happen by the next decade, we will miss and remember the land.
They announced it back in April, and at D23 a few weeks ago, they revealed some concept art showing the entrance (set at the El Capitoon Theater) and a part of the queue. I believe it's going to be replacing the Gag Factory store area (not that it won't exit into a store when the ride is over, I don't think). I think the entrance may be where City Hall is right now, so I think that is going away.