Rosemount going ahead with plans to force sale of land

I'm sure this is a complex issue, and this doesn't cover all the facts.
But this is an interesting case.

I firmly believe that a property owner should have absolute power to set their "asking price" for any property they own. Cities should not be able to lower that price using eminent domain unless it is to be used for something that can only be done at that location (a street widening, dam, flood control, etc..). Even then I think the city should pay 'above' market value for property if it's taking it by force. This would make the city look elsewhere (if possible) for property that is willing to be sold and also give the owner something in exchange for his involuntary lost of property.

But this case seem to be that someone bought the property knowing the city was interested, paid more than the land was worth, and now wants to make profit from the city. In this case the city's ability to "take" the land may be an important counterbalance to pure profiteering by a land owner.

Rosemount going ahead with plans to force sale of land