What’s your’s is … not
Great. Yeah, let’s allow the government to steal your property for pennies on the dollar of what it would actually sell for just so they can cater to big business. Simply WRONG.
Property can be taken for development-Supreme Court – Yahoo! News: By a 5-4 vote, the high court upheld a ruling that New London, Connecticut, can seize the homes and businesses owned by seven families for a development project that will complement a nearby research facility by the Pfizer Inc. drug company.
Under the U.S. Constitution, governments can take private property through their so-called eminent domain powers in exchange for just compensation, but only when it is for public use.
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The residents opposed the plans to raze their homes and businesses to clear the way for a riverfront hotel, health club and offices. They argued that it amounted to an unconstitutional taking of their property.
Nathan's Occasional Blog 
This is a scary precendent, and frankly I am surprised the Supreme Court came to this conclusion. It seems to smake right in the face of the American ideal captured within the constitution.