Friendship fountain WILL be torn down soon. It's already in the works and has been for quite some time. They'll pull typical bait and switch of politics: while we're concerned about some other problem they'll quietly get crews out there to tear it down and pave over it.
With regards to our future as a city and as a vibrant urban core: I think it will take a small group of concerned, like-minded investors to buy these properties, shore them up and soon develop them to avoid the wrecking ball. The city WILL NOT preserve these buildings, as can plainly be seen. It will take private enterprise to save them. We can do all the screaming at city hall we want, but in the end it's going to be up to a brave few investors to put their stake on Downtown to save it. If the money were there, you'd see my face on the front page tomorrow to buy up these buildings and convert them back to storefronts and apartments and lofts and furniture stores and grocers and all the things that a functioning core needs. Unfortunately I'm not independently wealthy. Anyone want to loan me the money, call. ;-)