The Liverpool Pathfinder was always about asset values - but it wasn't supposed to work out like this!
The 'project' was originally presented as being about collapsed private sector housing markets, but in reality was about obtaining public funds to allow RSLs to get rid of their surplus, difficult-to-let, expensive to maintain stock.
Why did they need to dump that low-value stock? To be able to pick up the higher-value stock being transferred to them from the City Council under Stock Transfer while reducing the social housing pool overall, which was then in chronic oversupply.
All this was engineered in an era of generally rising housing values - now prices have tanked they are left stranded with 'brownfield site' assemblies that developers have no market for.
Serves them right - a pity that the people of Liverpool are having to suffer as well for their greed, naivety, short-sightedness and incompetence.
That's what happens when public policy makers are encouraged and allowed to be more concerned with the value of assets rather than people and communities. One of the inevitable downsides of public-private partnerships I guess.