Here's the editorial from the Trib:
if private redevelopment is now the threshold for allowable seizure of property by local governments, then it's not clear that anyone's home is safe.
and another great quote:
The majority advised property owners to urge their state legislatures to set limits on the power to take private property. That's laughable advice. The Bill of Rights was crafted precisely to protect individuals from the power of the state. The court now advises individuals to go hat in hand to the state, to ask politely for protection from its considerable power.
The Chicago Tribune