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urban renewal

 
 
noun [U] (also inner city renewal)

Definition

ENVIRONMENT, PROPERTY the process of making a poor area of a city attractive for people to live and work in again by building new houses, offices, schools, etc. and improving the existing ones: urban renewal area/district/project The city has created three urban renewal areas in the past five years.
(Definition of urban renewal noun from the Cambridge Business English Dictionary © Cambridge University Press)
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