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 redevelopment plan, valued at $700 million in 2016, underwent years of environmental review and public outreach with neighbors and local business owners.

From Los Angeles Times

Plans for a $2 billion redevelopment have been floated but never executed.

From The Wall Street Journal

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