The Supreme Court ruled, in a 5-4 decision, that the government can seize private property and turn it over to developers, under the auspices of eminent domain. The Daily News points out that this probably warms of the hearts of developers, taking, for instance, projects like Bruce Ratner's Brooklyn Nets arena or Columbia University's development of 18 acres in Harlem...or any projects that have a "public purpose" element. In the end, it's up to the state government to determine whether or not the property should be seized, so many local lawmakers are pleading with the State Legislature to review eminent domain.
And the Court's decision had Justices John Paul Stevens, Anthony Kennedy, David Souter, Stephen Breyer and Ruth Bader Ginsburg in the majority, with Chief Justice William Rehnquist and Justices Sandra Day O'Connor, Antonin Scalia and Clarence Thomas dissenting. Read the ruling, Kelo Vs. New London, CT, here.