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

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

French property company Covivio has been offering buildings under renovation or standing empty for hire for the past two and a half years, a way of creating value while they await redevelopment.

From Barron's

Initially deployed there in 2006 with the purpose of securing redevelopment projects, they quickly saw themselves caught in intense fighting against a resurgent Taliban.

From BBC

But in recent years the redevelopment of buildings surrounding Wilson's Lane have been at the centre of a planning dispute.

From BBC

Put together, their Safeway redevelopment proposals include roughly 3,500 new apartments across the city, some of which will be designated as affordable housing.

From The Wall Street Journal