From the "this is America??!" department:
"A divided Supreme Court ruled Thursday that local governments may seize people's homes and businesses against their will for private development in a decision anxiously awaited in communities where economic growth often is at war with individual property rights."
Full article can be read at the Washington Post
It's not clear from the ruling how one would determine if an area is "depressed". Would College Park be able to say my neighborhood is "depressed" because house values are only around $300K (well under most Washington DC neighborhoods)? Could they say a neighborhood of $750K houses constitutes a public good?
Another version is available from Reuters