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What would be the advantages and disadvantages of demolishing an old building and replacing it with a new, highly sustainable building vs. renovating an old

What would be the advantages and disadvantages of demolishing an old building and replacing it with a new, highly sustainable building vs. renovating an old building to new standards? Include two disadvantages and two advantages. Briefly explain how the demolition or replacement would help or hurt the city.

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This is for my Business and the Environment class

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