Crossword Genius

Place local renovated at end of lane (8)

Ross

I believe the answer is:

allocate

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'place' is the definition.
(thesaurus)

'local renovated at end of lane' is the wordplay.
'renovated' indicates an anagram.
'at end of' is a charade indicator (letters next to each other) (some letters go at the end of others).
'lane' becomes 'ate' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'local' is an anagram of 'alloc'.
'alloc'+'ate'='ALLOCATE'

Can you help me to learn more?

(Other definitions for allocate that I've seen before include "Earmark" , "Assign (resources)" , "Apportion or distribute" , "set aside" , "Deal" .)

I've seen this clue in The Telegraph.
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