Surely the council and university can come together to re-open 53 degrees, at least then therell be something in the city for small and mid iszed gigs while they work out what to do with the guild hall or any potential new venues
I believe part of the issue with 53 was it was affected by "radius clauses" where an act playing at a venue like Warehouse Project couldn't play within a certain radius of the venue / within a certain time-frame. So basically the promotors at 53 would have to try and get in before one of the larger Manchester/Liverpool venues to try and get the acts, hope that they would play for less money and hope they had no contract clauses. When you're up against someone like Live Nation then I suppose it becomes close to impossible.
I don't know the full ins and outs of it but that's the general story I know of.