Explain the concept of urban renewal.

Explain the concept of urban renewal.

Urban renewal refers to the process of revitalizing and improving urban areas that have deteriorated or become obsolete. It involves the redevelopment of existing buildings, infrastructure, and public spaces to create a more functional, aesthetically pleasing, and sustainable urban environment. Urban renewal aims to address issues such as urban decay, blight, and social and economic challenges by attracting investment, improving housing conditions, enhancing transportation systems, and promoting economic development. This process often involves collaboration between government agencies, private developers, and community stakeholders to ensure that the revitalization efforts align with the needs and aspirations of the local population.