text: why would the supreme court make a seemingly stupid decision about imminent domain,taking property from....? a private land owner and giving it to a private corporation. how is that for the public good? the govt. may take your property so long as it is rationally related to a legitimate state interest.  increasing a tax base is a legitimate state interest.  note however, that states may enact more stringent laws, not allowing the state govt to take property for private development, so if you don't like your state's rule then petition your state legislators.