noun
a process of improving or renovating the infrastructure and buildings in urban areas to revitalize and enhance the quality of life for residents
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The city council approved a new urban renewal project to revitalize the downtown area.
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They're finally doing some urban renewal in our neighborhood - about time!
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I heard they're gonna gentrify the whole area with this urban renewal crap.
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Sometimes we need our own version of urban renewal to refresh our lives and start anew.