as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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define the term urban renewal.
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urban renewal is the process of renovating urban areas that are either in decline or have become outdated by improving infrastructure, removing dilapidated buildings, replacing them with new structures, rezoning for mixed-use development, and providing public services for the neighborhood.
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