The soft market testing will throw up all sorts of aspirations ranging from a Venue Cymru style Theatre to a new Swimming baths. Attempts will be made to get capital grants to meet those aspirations from the Welsh Assembly, the EU, the Arts Council, etc.
Evaluation of the likely profitability of said aspirations will ensue and there will be an injection of pessimism and deep inhaling of breath.
Alternatively, there are Council bills to pay, shortfalls to cover and assets in hand. Two types of groups will want to develop the available asset land….Retail developers and House building developers.
On balance, the highest bidder will win. The consequences for the town will be difficult to determine but the short term cash influx will be considerable
This is just a guess with no insight whatsoever.