Very false.I'd never heard this one before, but along those lines I did hear, long ago, that the statues atop the Swan and Dolphin hotels could be retracted in the event of an approaching storm. I can't find any reference to this one way or another, leading me to believe it's false. Anyone know for sure.
However..... the 4 spires on the front of the Chinese Theatre in DHS were designed to retract for firework shows.