Plans to bring 950 homes, a new primary school and hotel to Fakenham have taken a step forward.
An application for planning permission has been submitted to North Norfolk District Council (NNDC).
The scheme has been in the pipeline for many years and has polarised opinions in the town.
With the application now in, revealing more details about the proposals, it is again a big subject of debate in Fakenham.
Some welcome the prospect of much-needed new homes and the boost to the economy while others feel it could threaten Fakenham residents' way of life.
Keith Simpson, Conservative parliamentary candidate for Broadland, said: 'Many are positive at the prospect of providing badly needed homes to the area, for locals rather than people coming up from London.
'It also brings money and business to Fakenham.
'But with developments of this size it is down to the quality of the development and what infrastructure and services are provided. I've seen big developments elsewhere without all that which have not gone down well.
'Overall I'm in favour of it if things are done properly.'
The development is earmarked for land off Rudham Stile Lane, in the north of Fakenham.
Town councillor Richard Crook said: 'I can see how it could benefit Fakenham but questions need answering about how it will affect things like schools and health services.
'There is always the risk of someone making a quick buck out of Fakenham.'
Liam O'Sullivan, who owns Gallery Bistro in Fakenham Market Place, said: 'This could be a really good thing for Fakenham.
'The north Norfolk coast is growing in popularity and Fakenham is the hub of the area.
'This would be good for businesses and there is a big need for homes here.'
Lisa Mallett, who owns the shop Sweets 'n' Things, runs Fakenham Community Centre and the Fakenham Tourist Information Centre, said: 'It would be good news from a business point of view.
'Fakenham needs something - the town is completely dead some days.'
What do you think of the plans? E mail adam.lazzari@archant.co.uk
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