Aricebo is the world's largest radio telescope and is home to the Near-Earth Object (NEO) program that catalogues potentially hazardous asteroids, as well as the Search for Extraterrestrial Intelligence (SETI) from which came the SETI@home screensaver that many, many ordinary people (including myself) have contributed to.

Here's the article:
http://www.spaceref.com/news/viewpr.html?pid=6945

I am sorry to read this news. It does not bode well the facility to be abandoned due to lack of funds. This may well come back to haunt us before it is over.

From what I can gather from the link, only the RADAR obsevations are being cancelled, not the whole observatory. SETI and Radio Astronomy will continue. SETI is funded by Berkeley AFAIK not NASA.

FIRSTLY, IT IS NOT ARICEBO, IT,S ARECIBO.I DIDNT KNOW A BOUT THIS AND I LIVE IN PUERTO RICO. ARE YOU SURE?