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What does redevelopment mean?

Looking for the meaning or definition of the word redevelopment? Here's what it means.

Noun
  1. The process of developing something anew.
  2. The demolition of old, redundant or unfashionable buildings or infrastructure and the construction of new ones on the same site.
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Examples
Much vineyard redevelopment is done for reasons of disease infestation and disease control.
The new metro stop forms part of a wider extension and redevelopment of the city's metro system.
That is a remarkable achievement given the present redevelopment work which has disrupted movement around the city centre.
An international specialist in museum surveys will focus on the redevelopment of key displays.
In so doing, they will reap windfall profits from a property redevelopment scheme.
Meanwhile, Ascot racecourse is to unveil their plans for a major redevelopment on Thursday.

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