noun, noun or participle which takes 'suru', transitive verb
redevelopment
Refers to the process of redeveloping an area, especially urban renewal or rebuilding of old districts. Often used in news, policy, and real estate contexts.
市は駅前の再開発計画を発表した。
The city announced a redevelopment plan for the area in front of the station.
この地域は来年
This area is scheduled to be redeveloped starting next year.