Urban Redevelopment
Definition
Upgrading or reorganizing existing city regions through demolition, new construction, or adaptive reuse of structures.
Purpose
Stimulate economic revitalization, modernize infrastructure, and elevate property values.
Examples of Use
- Reinvigorating outdated commercial corridors.
- Converting vacant lots into affordable housing.
- Integrating arts and cultural venues into redevelopment plans.
Related Terms
Notes
Urban redevelopment projects can attract investment, create jobs, and improve amenities while requiring careful stakeholder engagement to mitigate displacement.
