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Council bosses hope that preparatory work on the market improvements will start this year, with the majority of the work completed by the opening of Eastgate in 2016.
Even with recent housing market improvements, sales and construction are still at very low levels, while prices are still falling in most areas.
"While there were some early signs of markets stabilizing in March and April," Mr. Moore said, "significant uncertainties remain and it is still too early to make any judgments on sustained market improvements".
After a visit to Madrid on Friday, Dominique Strauss-Kahn, the head of the International Monetary Fund, described labor market improvements as "absolutely crucial" and also appeared to make an appeal to Spanish politicians to bury their differences.
Austan Goolsbee, the former chairman of the president's economic advisers, thinks odds are at least 50-50 that private forecasters are right, that we're looking at growth of 2 or 2.5 percent of G.D.P, and that if it's at that level, you can "kiss job market improvements goodbye".
Along with better than expected cost savings, stable shares of viewing, increased shares of all TV advertising, and advertising market improvements – 7% up for the first quarter of this year, as much as 20% up for April and estimates for the whole of 2010 now running at increases of 3%to5%5% plus – could result in ITV's bottom line improving by as much as £100m.
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"They all want to say the market improvement will improve their endowments and lead to more grants, but they're all under pressure from their boards to show more bang for the buck, to show measurable results," he said.
"Market improvement cannot be achieved without the first-time buyer stimulating the chain," he said, urging the government to intervene.
"To jump two percentage points combined in London is a massive thing, a major market improvement in a quarter.
KLM said it did not expect a market improvement any time soon, forcing it to eliminate the equivalent of about 3,000 full-time jobs.
Gradual mortgage market improvement, restricted supply and low rates should ensure stability - at least in the short term - yet the sector appears priced for tougher trading.
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