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You have been put in charge of determining the feasibility of renovating a 50-year-old local recreation facility that includes four multipurpose courts, a fitness center,

You have been put in charge of determining the feasibility of renovating a 50-year-old local recreation facility that includes four multipurpose courts, a fitness center, and a swimming pool/aquatic center. What would be involved in conducting a feasibility study to determine whether renovation is the correct way to go or whether the facility should be torn down and a new one built. Generate a cost estimate for a new facility versus renovating the facility. What would your ultimate decision be renovate or tear down and rebuild? Defend your answer.

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