Fetching details from the dictionary...
to demolish; to tear down; to pull down
to draw on (one's savings, etc.) little by little; to break into (a reserve fund, etc.); to eat into
老朽化した建物を取り崩した。
The dilapidated building was torn down.
貯金を少しずつ取り崩している。
I'm gradually dipping into my savings.
積立金を取り崩すには理事会の承認が必要だ。
Drawing down the reserve fund requires board approval.