Nope, this is just a new twist on the old gig of taking prime land (waterfront property in the SCOTUS case) and turning it over to the gubmint's cronies when it is decided that the new sewer plant would be better located on cousin Ed's property downwind of town after all(which was purchased from cousin Ed at a huge profit to cousin Ed, who, naturally, shares his largesse).
The taxpayers eat that cost, either through property taxes, bond issues, or more pressure on the local police to write people up for jaywalking and spitting on the sidewalk.
In the meantime, the cronies grease palms to purchase the siezed 'surplus' property for pennies on the dollar, and kick back a chunk of the profit to the folks who set the deal up. Then they develop it into ritzy megabuck makers or tenaments to be, and make their own private killing.
Now the SCOTUS has just eliminated cousin Ed and the new sewer plant from the equation, which means there won't be all those pork barrel construction jobs for the illegal immigrants to take. It is a win-win deal for the local gubmint gang and the deveolper, who both get a bigger slice of your pie.
The illegals, meanwhile can only get jobs as taxi drivers and in housekeeping.
You, on the other hand, as a property owner, get screwed.