Once Masternoob announced he was going to be shutting down TF2Center, the other staff members got in touch to ask if there was anything I could do to save the site. After some discussion I agreed to purchase TF2C since I feel it is important to the TF2 competitive community.
In short, the site will not be going down and we will be working on transferring the site to new servers.
In the long term, I will be working closely with existing staff members to update the site and improve moderation. We should have an update on that in the coming weeks.
Thank you to Masternoob, TheMasterOfDisaster, ZakMcRofl, and all the other staff for your work on the site.