Urban Regeneration

 Urban regeneration, which can also be called Urban Renewal, takes place when the physical, social and economic characteristics of run down urban areas have been rebuilt as part of a strategic plan to improve an area. Housing, industrial locations and dock side developments are typical regeneration projects. Urban regeneration typically goes beyond the redevelopment of the physical area of a location and will tackle the social and economic activity there as well. As a consequence urban regeneration projects are radical interventions requiring substantial economic contribution from both the public and private sector.

Source :  http://www.urbanregeneration.net/