New vs Refurbishing Public Pool

[hitch]

Need input on whether we should refurbish or build another pool. Current pool holds about 400,000 gallons and has been around since the 1920s. It leaks a lot and there are numerous cracks in the deck despite the yearly bandaids. The DE filtration system is over 50 years old. The pool is located in a flood plain as well. My question is whether it would be more economically feasible to build another pool on another site or to refurbish the current one. Thanks in advance.

[Chris]

Build a new pool with all new plumbing and equipment. Spend the money now and do it right.