It's more about subtracting every single buck from the tourists that still flock there. Gentrification and the need for developers to maximize their profits from every square inch of the place means that there just aren't any scruffy little basement clubs left. Those scruffy little basement clubs were the areas lifeblood. Now, it's all penthouse flats and global brands. They destroyed the very thing that drew people there in the first place - it's superficial sleaziness.