Members of the public crammed into Bentham Town Hall to voice their concerns about a proposal to refurbish the building.
Mr Ryan said the €28m funding was to help upgrade and refurbish buildings and facilities used by young people.
St Anne's Convent School now plans to refurbish its facilities, improve staffing levels and build a new science block.
A company had been set up to manage council homes in the area and cash had already been earmarked to renovate and refurbish homes in West Leeds, including the Fairfield estate.
The move comes after planners refused two applications from the Police Authority to reclad the tower and refurbish the surrounding buildings.
She said work would now begin to refurbish the building for new tenants, but officers feared a substantial amount of renovation might be necessary.
The developer will also refurbish the Castle Place shopping precinct, improving lighting, CCTV, and disabled access.
There has been little investment in the town hall by the district council over the past five years because its intention has always been to completely refurbish the building.
Aurora said that the agency would proceed with the plan to refurbish the heritage building so that it was well-integrated with its neighborhood.
When he saw the state of the orphanage he vowed to return with enough funding to rebuild it and refurbish the facilities inside.