The following is from WWE.com:

Monday night, an unreliable online news source published an erroneous report that WWE was shutting down operations of our developmental facility, Florida Championship Wrestling (FCW). In order to set the record straight, WWE.com interviewed WWE’s Executive Vice President of Talent, Paul Levesque (also known as WWE Superstar Triple H) to address this issue.

“It is absolutely not true. FCW is not closing,” Triple H said. “I don’t know how the rumor started but I believe it’s a situation where the ‘dirt sheets’ want to believe they have the scoop on everything. If anything, we are in the process of ramping up our entire developmental system. It’s the lifeblood of our company. It’s what feeds our future and in no way are we going to close it down.”

Levesque also addressed plans to relocate training or FCW TV tapings out of its home of Tampa, Fla.

“There are plans in the works, but nothing definitive I can discuss right now,” he said. “Shortly after WrestleMania, there will be a major announcement about our developmental system.”

He continued, “WWE’s developmental system is being revamped, not shut down. If anything, it’s going to get bigger and better than ever. WWE Developmental cultivates the future talent of WWE. By no means is it going to get smaller or shut down.”