Many people thought that this decision was terrible. There has been discussions of curtailing and further defining the eminent domain clause of the Constitution. Already other cities are citing this case against homeowners for loads of pet "economic development" projects. It's not an epidemic, by any measure, but it smacks of too much government power.
To add insult to injury, there's more news about the losers in the Kelo case. The Fairfield County Weekly is reporting that the government is offering the plaintiffs fair market values for their properties at year 2000 price levels. In 2000 the Kelo residents filed suit to prevent the government from taking their land. The government reasons that the Kelo residents are only to be compensated up to that point and to heck with the rising prices to this date. But, wait, it gets worse: the government, using the same reasoning that they were entitled to the land in 2000, wants to charge the residents back due rent on their property. To the government's mind, these people have been living rent free on their land for 5 years. A quote from the article:
An NLDC estimate assessed Dery for $6,100 per month since the takeover, a debt of more than $300K. One of his neighbors, case namesake Susette Kelo, who owns a single-family house with her husband, learned she would owe in the ballpark of 57 grand. "I'd leave here broke," says Kelo. "I wouldn't have a home or any money to get one. I could probably get a large-size refrigerator box and live under the bridge."