It's not like this idea originated with Trump. If the compensation does not seem just, that's a problem with the courts. What constitutes "public use" has been adjudicated on a number of occasions and it turns out be a pretty broadly interpreted term.
That is the damn problem with Kelo. The idea that private property can be condemned, not for public use (roads, schools), but for the private use of another that the state decides might have a public benefit, turns the whole idea of property rights on its head. Developers have the money to donate to (bribe)politicians and always promise that their project will bring in jobs, taxes etc. The individual property owner just gets crushed by this corrupt crony fascism.
Yep, that's what is says and the State of Texas has an identical one.
However, in our families case, it took thousands and thousands of dollars, a team of good lawyers, almost 20 years and a jury trial which we "won". And it's not over yet. They may appeal again.