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The city of Ottawa is planning to build a man-make lake at Lebreton flats. The government would like to know how to value and monetize

The city of Ottawa is planning to build a man-make lake at Lebreton flats. The government would like to know how to value and monetize the benefits of such a project. You have been asked to advise the city of the appropriate approach to use for the valuation and monetization of the benefits. What approach will you advice the city to use? What are the key steps of your proposed approach? What are the limitations of the approach?

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