You could spread it across loads of small things and not notice a major impact. Or you could invest all the money into bringing back the lido swimming pool. The lido is one of the only things in Margate which is now derelict. Bringing this back would add something substantial to the area! It would be a key reason for people visiting. The lido could be made into a sinking facility, inside and out. It has so much potential being a such a large facility. Being a business the money could also have a return on the investment which could be then invested into other areas.
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