Final answer:
The correct answer is C. Redevelopment. It refers to the restoration of a parcel of real property or a neighborhood to its highest and best use through various construction projects.
Step-by-step explanation:
The correct answer to this question is C. Redevelopment. Redevelopment refers to the restoration of a parcel of real property or a neighborhood to its highest and best use. This typically involves revitalizing and improving the area through various construction projects. In the context of urban renewal, redevelopment often involves clearing slums and dilapidated areas and replacing them with new buildings and infrastructure. However, urban renewal plans can be controversial due to the use of eminent domain and the displacement of families.