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redevelopment area

British  

noun

  1. an urban area in which all or most of the buildings are demolished and rebuilt

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Same with food pantries as an accessory use to places of worship that are not located within a redevelopment area.

From Salon • Sep. 27, 2024

By the group’s estimate, 90% of the 350 or so property owners in the redevelopment area were subject to the same forced cash-out.

From Los Angeles Times • Apr. 11, 2023

Under California’s 65-year-old redevelopment law, if a city or county creates a redevelopment area to address urban blight, the agency receives related property-tax revenue increases that may result, known as the tax increment.

From BusinessWeek • Dec. 29, 2011

His next challenge is to find an investor to buy the entire redevelopment area, which has an estimated value of $750 million when all buildings are completed.

From New York Times • Feb. 2, 2011

Items: > The redevelopment area should be big, and so should its budget�at least 1,000 acres and 30,000 dwelling units, at a cost to the Federal Government of $1 billion.

From Time Magazine Archive

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