Redevelopment is any new construction on a site that has pre-existing uses. Variations on redevelopment include: Redevelopment projects can be small or large ranging from a single building to entire new neighborhoods or `new town in town` projects. Redevelopment also refers to state and federal statutes which give cities and counties the authori..... Found on http://en.wikipedia.org/wiki/Redevelopment
[Noun] To build new buildings over old ones in a part of a town. Example: The redevelopment meant that the locals got a new cinema.
Found on http://www.bbc.co.uk/skillswise/glossary/