In 1988, The Arcade above the underground station on the corner of Liverpool Street and Old Broad Street was due to be completely demolished by London Regional Transport and MEPC, who wanted to develop the site into a five-storey block of offices and shops. More than 6,000 people signed a petition to "Save the Arcade", and the historic Victorian building still stands today. The campaign against the development was led by Graham Horwood, who owned an employment agency within the Arcade at the time.