It is a nice thing that this forum has correspondents from all over the globe, not only because you can get a glimpse of a faraway country with your/their own eyes, but above all because it puts you in touch with different points of view.
Your photo could actually have been taken in my country, Italy. The underlying history anywhere in the world is understood because everywhere there are neighbourhoods that are razed to the ground to make room for greater interests that usually go over people's heads.
As Brian said, it is a good thing to document and leave a memory for posterity. In my own small way, that is what I try to do in my city too.