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redevelopment

[ree-di-vel-uh p-muh nt]
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noun
  1. the act or process of redeveloping.
  2. an often publicly financed rebuilding of an urban residential or commercial section in decline.
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Origin of redevelopment

First recorded in 1870–75; re- + development
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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Word Origin and History for redevelopment

n.

also re-development, 1830, from re- + development.

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Online Etymology Dictionary, © 2010 Douglas Harper