The economy is struggling, and councils are facing huge cuts, but people in South Shields are nevertheless being promised a multi million pounds revamp of their town.
A master plan revealed today includes a new shopping area, new library and cinema, which councillors insist they can afford.
You can watch the full report from our Business Correspondent Ben Chapman below.
More top news
A look ahead at the forecast for the Tyne Tees region.
Tony Blair's former bodyguard has been found guilty of benefit fraud after raking in tens of thousands of pounds in disability allowance.
A brand new £82 million train building factory is opening in Newton Aycliffe