Here in Liffy, it's similar, not that dire...
Coal mining, steelworks, and cement factory that built Sydney, and powered the electrified trains, and ultimately 20+% of the state's power.
Steel and copper went forever ago. Cement factory since I've been here.
Tens of mines down to one operational, we lost a power station in 2014.
Every time there's a public forum for development consents for pwoer/coal, the BMWs from out of town rock up, and ask locals for directions to the hearing, then present their piece on how OUR district should be managed, and these industries closed, and us all to be retrained in renewables and solar panels.
Then they drive off to their mansions, smug in themselves at having put another nail in the place.
I've run for local Govt, participated in urban renewal programmes, but barristas and hair dressers can't sustain a service economy, without dollars coming in from SOME sort of industry.
We are close enough to Sydney that we are becoming a retirement village...sell the house in the big smoke for a fortune, buy up here, pay subsidised rates and utilities, and reject propositions that make the place better for the young (e.g. $50/house special tax to upgrade the indoor pool was decried by the new oldies as a waste of money, especially seeing as they wouldn't frequent it).