urban renewal
Noun
Meaning
the clearing and rebuilding and redevelopment of urban slums
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Examples
After this event the city was under reconstruction and urban renewal.
As part of the government's urban renewal program, 100 schools across the capital are scheduled to be refurbished and reopened.
According to the council report, the area, located on the property at 927 N. 19th Ave. E. and 1205 N. 19th Ave. E., demonstrates sufficient need to warrant finding the urban renewal area to be an economic development area.
City officials say that the tax increment system of urban renewal programs generally produce millions upon millions of dollars over a 20+ year period through property taxes and other revenue sources.
As part of the municipality's urban renewal program, 100 schools across the capital are scheduled to be refurbished and reopened.
During the 1950s and 1960s, a time when federal aid for urban renewal was plentiful, Albany did not have growth in its economy or infrastructure.