That is indeed one of the interpretations, and the majority of Justices went there, supporting 'something for nothing'.
Though most states have some policy about announcing eminent domain or annexation, there's no rules about where to place said announcement. Of course, the onus is one the property owner(s) to be aware of this announcement. Some of the more insidious cities have posted such in basements, on antideluvian decommisioned boilers deep in the bowels of city buildings, or as a very very small notice buried deep in the newspaper ads.
Houston, TX did something like that when they decided to annex the much wealthier Kingswood, for no other reason than the tax base. And being on the Historic Registry is no guarantee. There was an adobe house from the turn of the century here in Yuma. By the time the announcement of demolition became public knowledge, much of the surrounding area was already being prepped for foundations and large parking lots. And the latter is what they wanted that adobe house, on the Register, to become. Asphalt and stripes. The oldest house in town was summarily condemned, and after much public outcry and attempts by the property owner to move the structure, leveled. Progress at all costs, even cultural heritage. In my more sardonic moments, I'm reminded of the Soviets, and their despoilation of everything that got in the way of industrial progress, including the killing of almost all their freshwater rivers, lakes and ponds.