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rehabilitate - To renovate or repair something, such as a building, facility, person, or environment, to make it more usable or up to current standards.

The city invested in programs to rehabilitate the old industrial district, transforming it into a vibrant area for businesses and residents.
astute - Ability to understand things quickly and clearly, and to use the knowledge well
From a very early age, Gail instinctively knew everything about business, and and after college she proved to be an astute business woman, and became a millionaire before the age of 30.