REDEVELOPMENT AREA Meaning and
Definition
-
A redevelopment area is a designated geographic region that has been identified for revitalization and improvement through various urban planning strategies and initiatives. It is typically an existing urban or industrial zone that has undergone a period of decline, disinvestment, or economic downturn, resulting in deteriorating infrastructure, blighted properties, and a decrease in quality of life for its inhabitants.
The purpose of designating an area as a redevelopment area is to promote and facilitate its transformation into a more desirable, functional, and economically viable community. This can involve a comprehensive approach that encompasses physical, social, and economic redevelopment efforts. The overall goal is to revitalize the area and stimulate economic growth, attract private investment, create jobs, enhance community amenities and services, and ultimately improve the overall well-being of the residents.
Redevelopment areas often involve collaboration among various stakeholders, including local government agencies, community organizations, property owners, and developers, who work together to develop and implement a strategic redevelopment plan. This plan usually includes strategies such as land acquisition and assembly, demolition and removal of blighted structures, infrastructure improvements, zoning changes, and the provision of incentives or tax breaks to attract private investment.
By transforming blighted or underutilized areas into vibrant, thriving communities, redevelopment areas can contribute to the revitalization of cities and towns, improve living conditions, promote socio-economic development, and support sustainable urban growth.
Common Misspellings for REDEVELOPMENT AREA
- Redevelopement area
- Redeveopment area
- Redeveklopment area
- Redevelopment are
- Redevelopment aera
- Redevelopment ares
- Redivalopment area
- Redevelpment area
- Redevelompent area
Etymology of REDEVELOPMENT AREA
The term "redevelopment area" is composed of two main words: "redevelopment" and "area".
- "Redevelopment" is derived from the word "develop", which originated from the Latin word "develupare", meaning "to unwrap or unfold". In the 17th century, its meaning evolved to "unfolding of something latent", and by the 19th century, it acquired the sense of "growth or advancement". The prefix "re-" in "redevelopment" indicates repetition or intensification, thus suggesting the process of further development or revitalization.
- "Area" derives from the Latin word "area", which refers to a level or open space. Over time, it has come to signify a specific extent or region of land.
When combined, "redevelopment area" refers to a specific geographic location that is undergoing a process of redevelopment or revitalization.
