GNU Collaborative International Dictionary of English
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Found one definition
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Redevelop (?), v. t. & i.
1. To develop again; specif. (Photog.), to intensify (a developed image), as by bleaching with mercuric chloride and subsequently subjecting anew to a developing agent.
[1913 Webster]
2. to rebuild an urban area, usually commercial but sometimes residential; -- typically involving some portion of government involvement and expenditure.
[PJC]
-- Re`de*vel"op*er (#), n. -- Re`de*vel"op*ment (#), n.
[Webster 1913 Suppl.]