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

If redevelopment plans do not go ahead, Old Trafford will still be considered in its current form.

From BBC

The redevelopment of Allianz Stadium is also high on the agenda as "an essential long-term project", the cost of which is estimated to exceed £650m.

From BBC

HES said the revenue generated would support the long-term sustainability of the site and redevelopment of its visitor centre.

From BBC

Authorities are apathetic to their preservation, so his organisation is engaging directly with people, offering pro-bono repair and restoration consultancies to prevent them from giving away their properties to builders for redevelopment.

From BBC

The closure, to him, is another blow in the redevelopment of the city.

From The Wall Street Journal