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Meaning of redevelopment

re•de•vel•op•ment

Pronunciation: (rē"di-vel'up-munt), [key]
— n.
  1. the act or process of redeveloping.
  2. an often publicly financed rebuilding of an urban residential or commercial section in decline.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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