What is a Feasibility Study?

A typical feasibility study includes an analysis of the proposed project location and the projected market to be served. All major projects recommended for the CIP should be backed by a feasibility study that analyzes the relative costs and benefits of proceeding with the project. Depending on the size of the project, the scope of the feasibility study will vary. This study will determine the feasibility of constructing multigenerational centers in Service Areas 2, 3, and 4 and will be divided into two phases: 

  • Phase I: Evaluation of the Demand, Program of Requirements, and Real Estate Analysis/Site Selection Assessment
  • Phase II: Development of Conceptual Designs and Cost Estimates
Graphic of the schedule for feasibility studies