Eminent domain has expanded its power to also allowing eminent seizure ('purchase' at what is deemed fair by a public government) to transfer (sell) that private property to another private property owner-often a developer.

That is, in my opinion, is government overreach. (Even when out of an  city boundary, they can also use things such as water rights in a stream, to follow said water to the out of area location for eminent domain purchase.) 
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Ref, one of many-

Public Power, Private Gain - Institute for Justice
http://ij.org/ll/june-2003-volume-12-number-3/ij-report-documents-10000-plus-eminent-domain-abuses-across-us/