This past Sunday. Was rather infuriating to watch. This nice old couple along with numerous other houses which faced some river were having eminent domain used on them to force them to sell their houses so high priced condos could be put up instead. (Supposedly at market prices.) Their homes were deemed "blighted" so this law could be used. "Blight" was finally determined to be not having more than one bathroom, not having more than a one car garage, not having the garage attached to the house etc. The mayor of the town was trying to defend this. When Mike Wallace brought up the fact that her house was deemed "blighted" under those criteria you could see her start to squirm. Heh. In the end the old couple won and the mayor was voted out at the next election (YEAH!)
There was also the case of a brake mechanic owner who was being turfed off his land so that the Ace's Hardware could move to that spot. He was fighting that too and was quite indignant like the old couple.
That's just pathetic that these companies would do that and get the government to go along with it, using a law not the way it's intended (ie: to reclaim slums.) If they want the land bad enough they're just going to have to pony up the $$$ until the owner feels it's worth it to them. If they don't want to sell for any price then it's tough shit.