Urban Renewal

Urban renewal refers to the process of revitalizing and redeveloping urban areas that are deteriorating or underutilized. This involves the renovation or reconstruction of buildings, infrastructure, and public spaces with the intention of improving the quality of life for residents, attracting investment, and stimulating economic growth. Urban renewal often includes initiatives such as updating transportation systems, enhancing public amenities, creating affordable housing, and fostering community engagement. While aiming to rejuvenate cities, urban renewal can also lead to gentrification, where rising property values may displace long-time residents. Overall, urban renewal seeks to create more functional, sustainable, and aesthetically pleasing urban environments.