redevelopment

American  

[ree-di-vel-uhp-muhnt] / ˌri dɪˈvɛl əp mənt /

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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Etymology

Origin of redevelopment

First recorded in 1870–75; re- + development

Example Sentences

The arena forms part of the Brabazon Park project, the redevelopment of brownfield land on the Bristol and South Gloucestershire border.

From BBC

But they will be discarded during the redevelopment of the site.

From Barron's

The same applied to both Prime Minister Keir Starmer and Chancellor Rachel Reeves, both of whom had previously expressed support for the redevelopment project.

From BBC

The property is ideal for those “looking to create their dream home” or investors seeking a “lucrative redevelopment project,” the listing notes.

From MarketWatch

Without a new legal framework and stronger protections for investors, he warned that the billions of dollars required for redevelopment would not materialise.

From BBC