Also found in: Dictionary, Thesaurus, Financial, Wikipedia.
Related to Urban renewal: gentrification
urban renewal[′ər·bən ri′nü·əl]
Redevelopment and revitalization of a deteriorated urban community.
Revitalization of established urban areas to provide for a greater range of housing, employment, and social activities. The principal focus is to transform old and neglected buildings into vibrant communities with viable investment opportunities through effective planning, infrastructure improvements, and partnerships among government, the community, and local businesses.The improvement of a slum, or a deteriorated or underused area of a city; the rehabilitation of relatively sound structures, as well as conservation measures to arrest deterioration.
The improvement of slum, deteriorated, and underutilized areas of a city; generally implies improvement realized through city, state, and, particularly, federal programs, including the clearance and redevelopment of slums, the rehabilitation of relatively sound structures, and conservation measures to arrest the spread of deterioration.