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Urban renewal evolved into a policy based less on destruction and more on renovation and investment, and today is an integral part of many local governments. A primary purpose of urban renewal is to restore economic viability to a given area by attracting external private and public investment and by encouraging business start-ups and survival. [3]
Other terms sometimes used to describe redevelopment include urban renewal (urban revitalization). While efforts described as urban revitalization often involve redevelopment, they do not always involve redevelopment as they do not always involve the demolition of any existing structures but may instead describe the rehabilitation of existing ...
Urban planning can include urban renewal, by adapting urban planning methods to existing cities suffering from decline. Alternatively, it can concern the massive challenges associated with urban growth, particularly in the Global South. [3] All in all, urban planning exists in various forms and addresses many different issues. [4]
The concept of urban renewal and slum clearance as a method for social reform emerged in England as a reaction to the increasingly cramped and unsanitary conditions of the urban poor in the rapidly industrializing cities of the 19th century. The agenda that emerged was a progressive doctrine that assumed better housing conditions would reform ...
Tax increment financing subsidies, which are used for both publicly subsidized economic development and municipal projects, [2]: 2 have provided the means for cities and counties to gain approval of redevelopment of blighted properties or public projects such as city halls, parks, libraries etc.
For example, a regenerative city reintroduces treated water into the hydrology cycle, sources food from urban and peri-urban producers, captures the nutrients from its sewage and waste to be applied to surrounding agricultural land, reduces its dependence on petroleum products and boosts the deployment of renewable energies particularly from ...
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Environmental gentrification is the process by which efforts to improve urban environments, such as enhancing green spaces or reducing pollution, increase property values and living costs, often displacing lower-income residents and attracting wealthier populations. [8]