English version

redevelopment

From Longman Dictionary of Contemporary Englishredevelopmentre‧de‧vel‧op‧ment /ˌriːdɪˈveləpmənt/ noun [countable, uncountable]  the act of redeveloping an area, especially in a city redevelopment of the city’s downtown area
Examples from the Corpus
redevelopmentLater, the mayor will reimburse the agency from his coffers, they were assured by redevelopment agency fiscal officer Steve Agostini.Inner city redevelopment facilities will be available for tarmac tracks, specifically for the purpose of hotting.The city has spent millions on downtown redevelopment.They speak of economic justice, economic redevelopment, fiscal conservatism and good business.Then the elite persuaded the newly elected mayor to appoint a committee to lay the groundwork for redevelopment.This process of redevelopment and movement was quite different from that of suburbanization by addition.Plans for the redevelopment have not yet been finalised, a spokesman for the council said this week.East Village redevelopment, done right, could help almost everybody's causes, even a ballpark.
From Longman Business Dictionaryredevelopmentre‧de‧vel‧op‧ment /ˌriːdɪˈveləpmənt/ noun [countable, uncountable]PROPERTY when an area is improved by removing the buildings that are there and building new onesproposals for inner-city redevelopment
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