Abuse of eminent domain

In Wednesday's USA Today, (February 23, 2005), they have an article discussing a recent Supreme Court ruling about a Connecticut town that is using their power of eminent domain to seize property from private land owners. The most outrageous aspect of this case is that the city of New London, Connecticut is using their power of eminent domain to seize land not only to build a road and a park, but also for private development that will "increase tax revenue" for the town of New London. In an article written by Joan Biskupic, (they don't have an internet link to this article, but the paper's website is here,) the Court Justice's ruled that the court shouldn't "interfere with decisions made by local officials." Supreme Court Justice Ruth Bader Ginsburg agreed with local officials because the town's "unemployment rate is depressed, and this would generate jobs." Justice O'Connor didn't believe that the justices should "second-guess" local officials.
After discussing zoning laws and regulations and discussing the ability of the market to determine how we use private land, I find this to be a slap in the face of private property rights. What a perfect example of Fifth Ammendment abuse by government.