I think the problem is that Llandudno really isn't deprived in comparison to towns like Colwyn Bay, Rhyl, Holyhead etc. Take a walk around Llandudno and then take a walk around Rhyl to see what I mean!
Things aren't perfect here, certainly, but we are in a far better position than most towns in Wales. The current wave of inward investment from the private sector (Travelodge, Sainsburys, Caffe Nero, DFS etc) will result in 150+ jobs coming to the town. A more proactive attitude from CCBC would soon see problems like the Pier Pavilion site and Tudno Castle Hotel dealt with.