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The Moores statue, designed by Tom Murphy, was unveiled in 1996 outside Littlewoods' flagship store, which recently closed.
It was commissioned by Littlewoods to mark the centenary of Sir John Moores's birth.
Tomorrow, the sculpture will be hoisted on to a crane to be moved to its new location outside the former Littlewoods head office at 100 Old Hall Street, now renamed by its new owners as The Plaza.
Cllr Mike Storey, the city council's executive member for Special Initiatives, said last night: "There is an enormous amount of work which is taking place and due to take place in Church Street. It will make the main retail area a far more welcoming and attractive place to visit.
"However, clearly this statue cannot stay in place while the work is taking place. It has to be moved to avoid any damage and to allow the work to go unimpeded.
"We thought about putting it in storage, and then putting it back in Church Street, but the reason why it is in its current location has disappeared with the closure of the Littlewoods shop. It is far more appropriate that it moves to somewhere with a link to Littlewoods and the Moores family, and Old Hall Street is the ideal place."
Eventually, the second piece of art work in Church Street, the so-called "Rope Horse" close to Bold Street, will also have to be moved. It has yet to be decided whether to move that work or return it when the improvements are finished.
Work on Church Street and Lord Street will cost £5.5m and has been funded by Liverpool council, the NorthWest Development Agency, the European Regional Development Fund, and Cityfocus.
It will provide new, high quality granite paving, new street lighting, new benches and litter bins and tree planting.
It is based on The Ribbons of Life - representing the social, cultural and economic aspects of Liverpool and its people.
The ribbon theme will be visible in the paving and the street furniture.
Sculptural elements will also reflect this theme.
larryneild@dailypost.co.uk
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