Here is the OFFICIAL Feasibility Study summary as required by the City Of Venice.
The cost... $18,000.
See the full document on the ESC Feasibility Study tab
"The analysis presented above indicates that the renovated Venice Circus Arena, if developed at a high
quality level, will be successful economically and become a valuable asset in the local market. It will fulfill
the Foundation’s goal of preserving the facility and preserving the Circus arts. Overall, given these
financial results, the subject facility is considered to be economically feasible and will be a valuable asset
to the City of Venice."