Urban renewal

Urban renewal (also called urban regeneration in the United Kingdom and urban redevelopment in the United States[1]) is a program of land redevelopment often used to address urban decay in cities. Urban renewal involves the clearing out of blighted areas in inner cities to clear out slums and create opportunities for higher class housing, businesses, and other developments.

Melbourne Docklands urban renewal project, a transformation of a large disused docks area into a new residential and commercial precinct for 25,000 people
1999 photograph looking northeast on Chicago's Cabrini–Green housing project, one of many urban renewal efforts

A primary purpose of urban renewal is to restore economic viability to a given area by attracting external private and public investment and by encouraging business start-ups and survival.[2] It is controversial for its eventual displacement and destabilization of low-income residents and other marginalized groups.

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