The City of Madison funded the redevelopment of a blighted area of the city with the objective of revitalizing it. Funding was approved to clean up the site, build up flood zones, build water retention ponds, and run the sewer, water, and electric utilities to the site. Five years into the project, it was clear that no commercial or residential developers were interested in developing on the site. What should the city of Madison have done before funding and completing the redevelopment? Performed an independent feasibility study early on Performed an initiation audit Performed periodic procurement audits Performed an environmental impact study early on