While members of the Democrat-controlled General Assembly are patting themselves on the back for their "compromise budget", no one seems to be moving on a Constitutional Amendment to ban use of eminent domain for private ends.
Non-presidential candidate Fred Thompson has a blog post on the problem that’s getting lots of attention, and a Google News search reveals quite a few municipalities raising hell about megalomaniacal bureaucrats in bed with developers. According to Thompson’s post, California just used eminent domain to develop condos — a plan that will have the government taking over 600 properties and giving them to private moguls. North Carolina is not immune to such possibilities, either, unless the General Assembly acts. But they are sitting on their hands. (I wonder why.)