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
Vera Robinson MBE has died at the age of 101. She had been a fundraiser for the Redcar RNLI lifeboat station since she was 16 years old.
Provisional statistics for July show it was a cool and wet month for many of us.
With just 49 days until the start of the Rugby World Cup, the Webb Ellis Cup is touring our region.