I wonder how many of these eminent domain cases REALLY collect the desired revenue. Aren't there ususally tax breaks to attract the new "residents?" Isn't there an additional loss of revenue while there is a transition to the new use of the property? Not to mention the cost of changing infastructure, like rebuilding roads.
BTW - I have heard (and am working to confirm) that the city council of Maplewood Missouri is taking proposals to "redevelop" an area east of Big Bend and South of Manchester, just outside of St. Louis. The area has several small business including a car dealership and a great bowling alley. All have been around for years. There is a development just to the east of this place in St. Louis city that is in the exact shape of the ones in the article. K-Mart is still there, but fledgling.
Maplewood destroyed one neighborhood via eminent domain already.
The promised benefits of eminent domain abuse are almost never delivered. The Poletown case from a few decades ago is a great example of that. Government planned economies don't work.