The thing is, while I concede that it probably is more cost-effective to demolish historic houses such as those on Edge Lane and build anew than it is to refurbish them, since when does 'cost-effectiveness' trump all other considerations? If, for example, during a future economic downturn the Liver Building was to become derelict, when the economy bounces back will we argue that it will be more cost-effective to demolish it and build something new in its place?
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We're the capital of culture for God's sake. Surely somewhere, the difference in cost can be made up by someone. Someone rich with a pride in where they're from (are there no modern philanthropists?), Someone who makes there money out of tourism and has an interest in Liverpool being as attractive as possible?
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