redevelopment
Pronunciation: [ˌriːdɪˈvɛləpmənt]
Word
Context: “urban planning”
(noun) when a place, like a neighborhood or city area, is rebuilt or improved. This can mean fixing up old buildings or making new parks. It helps make a place nicer and can bring in more people.
Example
The city's redevelopment plan will create new homes and parks for everyone.
Example
The redevelopment project was canceled, leaving the old buildings unchanged.
Example
What changes are included in the redevelopment of the old shopping center?
Context: “business”
(noun) when a business or project is restructured or improved to make it successful again. This means changing how things work to make it better and more profitable.
Example
The company's redevelopment led to a significant increase in profits.
Example
Without redevelopment, the business continued to struggle and lost customers.
Example
What steps are being taken for the redevelopment of the failing store?
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