If you have the opportunity to choose between renovating/expanding an existing facility or building a new facility, here are some key questions to ask:
  • Can the existing site, together with available adjacent property, accommodate expansion?
  • Which site is best located within the service area?
  • Are existing structures worth saving?
  • Is there an alternative or better use for the existing site?
  • Are you aware there may be hidden costs in renovation (lead paint, asbestos, bringing structures up to code, outdated building systems)?
  • Will the sale of the existing site cause a need for costly environmental remediation?
  • Is there a financial benefit from selling the existing property?
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