redevelopment agency
nounUK /ˌriːdɪˈveləpmənt ˈeɪdʒənsi/
US /ˌriːdɪˈveləpmənt ˈeɪdʒənsi/
A group that fixes up old parts of a town and builds new things there.
The redevelopment agency turned the empty factory into a park.
OTHER MEANINGS
2. A public body that buys and improves run-down land so new buildings can be built.
The redevelopment agency bought the old lot and sold it to builders.
3. A government office that helps a town grow and look better.
The redevelopment agency gave money to fix the town square.
4. A team that plans and manages big building projects in a city.
The redevelopment agency planned the new shopping street.