Used by arrangement with John Wiley & Sons, Inc.
urban renewal - Business Definition
urban renewal - Cultural Definition
Government-sponsored destruction of slum housing with a view to the construction of new housing.
- Large-scale urban renewal was engaged in during the 1960s and 1970s, after the departure of the rich and the middle class for America's suburbs had left many United States cities in decay and disrepair.
Programs designed to clear, rebuild, and redevelop urban slums. Critics contend that although they bulldoze slums, urban renewal programs often have led to their replacement by office buildings and by apartment houses for the well-to-do.