If this goes through, I think we'll feel and see a huge lift for the city. All of the disillusioned fans who sacked it off could be returning in their swathes, ready for the rebirth.
It's still ifs and buts, but pumping some money into Newcastle could see the whole region benefit on the whole in the long run. Now we potentially wait for 2-4 weeks on more news, which is going to be frustrating..
I'll actually look forward to the transfer rumour thread again too.