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Work has started rebuilding the Kirkstall Forge site which will include a train station, 1,000 new homes and a new access road.
The work should be completed by late summer of 2015 on the 23 hectare site and millions has already been invested in demolishing and preparing the land for redevelopment.
In total the project will cost around £400 million, with money coming from the Department for Transport to help fund the rail link, and money invested by developers CEG.
It is estimated that the new project will generate 2,400 jobs and boost the local economy by more than £5 million annually.
Hull City's financial figures for 11 months to the end of June reveal that the club has made a pre-tax profit of £9.5 million.
The Tigers have outstanding debt of over £64 million, but this has fallen from £72 million last year.
Higher attendances, boosted by the club's run to the FA Cup final, and increasing TV revenue from the Premier League turned around losses from their promotion winning season, showing just how lucrative the English top flight can be.
However, the figures stop before taking into account the club's summer transfer activity. Steve Bruce was allowed to spend heavily on transfers, recruiting Abel Hernandez, Mohammad Diame and Michael Dawson, representing a large outlay for the club.
A note titled "future developments" states that the club spent in excess of £47 million over the summer "in order to continue the very successful season had by the club" last year.
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There are concerns for the future of thousands of jobs in the region after Tata Steel announced plans to sell its plant in Scunthorpe.The company wants to off-load half of its European business and the deal would also include shedding a rail operation in York and three distribution centres in Scunthorpe and Hull. Another company, the Klesch Group, is in talks to take on the contracts. Claire Ashforth reports.
The chair of the Community Unions says the proposed sale of Tata Steel took him by surprise as he was under the impression the business was doing well and improving.
Paul McBean told ITV Calendar that the company looked set to make a profit this year, making the news that Tata were considering a sale even more shocking:
Bosses at Tata Steel say it is time for them to focus on "viable" businesses as the company enter into negotiations to sell part of the firm which includes bases at Scunthorpe, Hull, Immingham and York.
Karl Köhler, CEO and MD of Tata Steel in Europe, said after a difficult period it was time to sell some of its businesses.
Liz Redfern, the leader of North Lincolnshire Council, says she is waiting for more details to emerge about the proposed sale:
Claire Ashforth spoke to staff at Tata's Scunthorpe base about the announcement that the company are in the process of selling part of the business:
The man behind a company in negotiations to buy part of Tata Steel has told ITV News that he intends to expand rather than close the business.
Gary Klesch said it was a "good time to buy" and that every company his firm had previously taken over has the same number of employees..."we are planning to recruit another 150 people."
Mr Klesch said he "does not buy businesses to close them down".
The General Secretary of the Community Trade Union says Tata Steel have been treating workers "with contempt" after announcing part of the business could be sold to the Swiss based Kensch Group.
Roy Riskhuss says unions need to know more about the proposed deal and are urging the government to ensure that if Tata did sell, the business would pass to a responsible buyer:
The Employment Minister says Yorkshire and the Humber is making "steady" progress following the release of the latest unemployment figures.
Esther McVey commended the county's progress, remaining in the top three best performing regions: