According to the United States Supreme Court,

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The United States Supreme Court has ruled in cases like Kelo v. City of New London (2005) that local governments have the authority to take private property for public use under the doctrine of eminent domain, even if the public use includes economic development by private entities. This means that cities can take private property for projects like privately owned sports stadiums, private manufacturing plants, or private corporate complexes if they argue that doing so serves a public purpose, such as economic development or job creation.