Urban Revitalization and Property Investing
Urban Revitalization Urban Revitalization See Also- Urban Infill - Institutional Investors - Uban Revitalization - Transit Oriented Development - Real Estate Investors - Smart Growth - Stakeholder Engagement |
Process
of redeveloping deteriorated section of a city, often through demolition
and new construction. Although urban renewal may be privately funded, it
is most often associated with government renewal programs. The typical
program attempts to demolish concentrations of dilapidated housing and
attract developers of middle-income or mixed housing. Often, however,
urban renewal areas become sites for new public buildings, such as civic
auditoriums, sports arenas, and universities.