The government can take property through Eminent Domain, read below.
Eminent domain is the inherent power of the state to seize a citizen's private property, expropriate property, or seize a citizen's rights in property with due monetary compensation, but without the owner's consent. The property is taken either for government use or by delegation to third parties who will devote it to public or civic use or, in some cases, economic development. The most common uses of property taken by eminent domain are for public utilities, highways, and railroads, however it may also be taken for reasons of public safety, such as in the case of Centralia, Pennsylvania. Some jurisdictions require that the government body offer to purchase the property before resorting to the use of eminent domain. The legal doctrine of eminent domain, like the doctrine of seizure of contraband, allows expropriation of property within the existing system of law.
The above was taken from the Wikipedia because they can explain it better than I could.
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all taxes must be used for public purposes, not private purposes
That right is called eminent domain.
when the gov't plans on using the land for public use, they must give the owner just compensation for it, and it came from the fifth amendment.
It's the 5th amendment to the US Constitution. It's called Eminent Domain.
Most companies are in the "private sector" which means that they are not in the "public sector" (owned or operated by a government).