Lyric discussion by Deliberate 

I agree that the song is about renewal, but it doesn't seem to be about the kind that anyone really desires. The part about the urn being half full vs. half empty seems to indicate a pretty sharp difference in thinking between the speaker in the song and the subject. The line about discrepancies also supports this. I think that perhaps the city and the skyline is a metaphor for the landscape of the relationship. I would guess, in the end that the song is about a relationship that, despite the best of intentions, just wasn't working out because of fundamental differences in beliefs. So now, the relationship must change (likely to being friends, indicated by the pouring of the drinks). It seems sad, but friendly.

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