It’s past serving it’s purpose. It drew lots of people and filled government and real estate coffers when the city was down, but now it’s a net drag because the people dropping €6M on an apartment don’t want the common riff raff (anyone able to spend less than €800/night on a hotel room) from disturbing their peace and smelling like skunk all the time.
(Okay, there are technically only a couple places in the city on the market for €6M, but with prices quickly approaching €10000/m2 all but the rich and snobby are getting shoved out)