Liverpool Council has written off £1.5m on a loss making pop museum and faces a £3m bill if the current tenant leaves.
The British Music Experience tells the story of British pop and rock. The Cunard Building attraction includes memorabilia from stars such as David Bowie and Cilla Black.
The original operator, Music Experience Britain (MEB), collapsed into liquidation in 2017. If the current tenants do not renew the lease in 2024 the council will be faced with paying out around £3m to refurbish the space.