Local civic hubris has taken another uppercut to the jaw with the news that a developer behind one of the superfluous high-rise developments overlooking the Mersey has gone bust (http://www.liverpoolecho.co.uk/liverpool-news/local-news/2009/01/28/developer-goes-under-100252-22800599/ ):
"The developer behind £35m luxury high-rise flats on Liverpool's waterfront has been put into administration.
"The 26-storey 201-unit Alexandra Tower was completed last year on the city's riverside Princes Dock.
"But as the housing and property slump continues, 147 of the flats remain unsold."
However, don't let this icy blast of economic reality deter the Oldham Echo & the city council from claiming that Liverpool can remain immune from the recession. No siree, we can't have any negative talk pricking their bubble of parochial illusion, can we?