Basically don't slam the door on the way out.
Regeneration of miles of wasteland and the generation of thousands of new jobs in a city still recovering from the run down of it's principal industry, is far more important than an award from an elitist up it's own backside organisation. If it hadn't been now it would have been the next major development to be announced. Liverpool may have lost it's World heritage status, but it hasn't lost it's heritage. That can never be taken away and Liverpool has more of it than any other city in the UK outside of London.