Definition of «redevelopment»

Redevelopment refers to the process of improving or transforming an existing property, area, or community. This can involve revitalizing a run-down neighborhood by building new homes and businesses, renovating old buildings, and creating new infrastructure such as roads, parks, and public transportation systems. Redevelopment can also refer to the rehabilitation of brownfield sites, which are contaminated or abandoned industrial properties that have been cleaned up and repurposed for new uses. The goal of redevelopment is often to improve economic opportunities, create jobs, increase property values, and enhance the quality of life in a community.

Usage examples

  1. The city council approved plans for the redevelopment of the downtown area, including the construction of a new shopping center and the renovation of existing buildings.
  2. The organization is seeking funding to support the redevelopment of abandoned industrial sites into affordable housing units.
  3. The government announced a major redevelopment project for the waterfront, which includes the construction of parks, promenades, and recreational facilities.
  4. The company specializes in urban redevelopment, taking rundown buildings and transforming them into vibrant commercial spaces.
  5. The community is excited about the upcoming redevelopment of the old library into a state-of-the-art community center.
  6. The city government initiated a comprehensive redevelopment plan for a blighted neighborhood, aiming to improve infrastructure, attract businesses, and enhance the overall quality of life for residents.

Sentences with «redevelopment»

  • Both communities are experiencing positive economic development and growth while the underlying agricultural economy would allow for redevelopment of large animal practice. (lsu.edu)
  • Today, her portfolio also includes $ 200 million in urban redevelopment projects. (entrepreneur.com)
  • He's advancing ideas such as land planning regulations, funding for redevelopment of inner cities, use of mass transit, and open space incentives. (realtormag.realtor.org)
  • (see all sentences)
a b c d e f g h i j k l m n o p q r s t u v w x y z