downzone

downzone definition - business

downzone

To rezone a designated area such that the permitted density and/or height of structures is reduced. Downzoning often occurs in response to concern about rapid development in a particular area of a town.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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