What type of development option is characterized by altering an existing facility for new use?

The concept of adaptive reuse involves repurposing and altering an existing facility to serve a new function while retaining some of its original structure and historical elements. This approach not only emphasizes sustainability by making use of existing resources but also often preserves the character and heritage of a building, making it an appealing option for projects in areas where historical preservation is important.

Adaptive reuse can result in significant cost savings compared to new construction, as costs associated with demolition and new building can be avoided. Furthermore, it can revitalize communities by breathing new life into old structures, often transforming them into spaces that better meet contemporary needs, such as converting an old factory into residential lofts or a shopping center.

In contrast, new construction refers to the initiation of entirely new buildings, while renovation typically focuses on updating facilities without necessarily changing their intended use. A public-private partnership signifies a collaborative arrangement between the government and private firms for facility development or management, but it doesn’t specifically pertain to reusing existing structures. These distinctions highlight why adaptive reuse is the correct designation for the development option in question.