Points to Polygon

Idea created by 1_rp1145 on Apr 26, 2011
    The ability to load an ascii text file that contains extracted vertices from multiple polygons, then turn those vertices back into polygons. Or simply, the ability to turn points into polygons. Global Mapper version 9 which was created around 2009 is a $300.00 program that has this capability, unfortunately it is a bit clunky...yet effective. Please help bring the requested functionalltiy to ArcGIS Desktop.