“...And SCOTUS subsequently ruled that eminent domain can be used to put the property back into private hands, if the tax revenue on the property will increase. ...”
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Yes, and THAT decision is one of many decisions by the Supreme Court that violate the words and spirit of the US Constitution, IMHO.
So eminent domain for delivery of the property to an independent company is okay if it's oil related, but not if it's Trump's company.