All private property is now vulnerable. Eminent Domain is now expanded to include anything that our local, state and federal governments think would be better for not only government but whatever reason they can find to increase tax revenue on a piece of property. At issue was the scope of the Fifth Amendment, which allows governments to take private property through eminent domain if the land is for "public use." What this decision does is to make it accessible for developers to come in an seize your property using local government to make more money for themselves on the basis that the city will earn more tax dollars. What it also does is open the door for anyone to charge that a piece of property that is currently tax exempt, i.e. places of worship, could be better suited for the taxpayer if the property was redeveloped into another form of tax revenue.

The house you live in that is considered to be in a prime location can now be taken away for a developer to make more money. The home that your family has owned for generations can now be taken out from under you or them. The property you own as an investment can be bought out from under you at what is considered a "fair" price. What all of this means is if you own property that has potential for commercial development your local government can use eminent domain to buy it out from under you with what they think is the city's proposed disposition of this property as it qualifies as a public use within the meaning of the Takings Clause of the Fifth Amendment to the Constitution.  I know you will not get a fair market residential value with the government is involved and you will not get a fair commercial value if you are lucky enough to even get that. We no longer as American citizens have private property ownership rights which is one of the foundations of our country. This is taken straight out today's ruling, Justice O'Connor dissented by saying this:

Kelo v. New London