Well as someone mentioned Wokingham here is an idea of the debt the council is in
https://www.getreading.co.uk/news/reading-berkshire-news/wokingham-council-bosses-forced-defend-12660950
271 million and rumor has it that figure is now nearer 400 million. Current business are on their knees, you only have to do a quick Google search to see how many are up for sale. Major chains are queuing up to leave. M&S, Cafe Rouge and Prezzo all gone.
And it’s very obvious that very few if any new takers for the new units. You only have to watch the councillor try and sell the redevelopment to work that out.