A GDHS(Geothermal District Heating System) is a heating system supplying a group of districts with heat extracted from geothermal sources. The advantages of GDHS include saving fuel consumption as well as reducing air pollution. This paper presents a case study for the economic feasibility model and analysis of a GDHS with which central/individual heating systems are replaced. Configuring to a simplified GDHS which consisits of subsurface systems, surface systems, and transmission/distribution systems, we find out the properties of the system and the model parameters affecting the initial investment/operating costs in order to develop a classical economic feasibility model given geothermal temperature. Based on our model parameter space, we analyzed the geothermal development project of the Jejoo Island probabilistically given prior information such as the expected geothermal power, the demand size and the length of transmission/distribution pipes.