With all due respect, why is this news?
This has been going on for some time at the local level. In Daytona Beach FL the local gov condemned the whole Boardwalk so they could take away the land from people who'd had it in their families for generations to give it to developers. Also for the "common good."
Trouble is, it's also for the "common bad" of our country.
Any SCOTUS decision is news.