It's stupid to argue, "You should never tear down a building" (like http://www.joelonsoftware.com/articles/fog0000000069.html implies) and it's also kinda stupid to write an article entitled, "Why We Tore Down Our Building (And Why You Should Too)"
Neither is universally right. The right thing to do in a given situation is a difficult and complicated question to answer, and it depends on the building in question: how big it is, how well it was designed, how well it's been maintained, etc.