Look, the dam in question here is not a matter of Bandon Dunes vs. a small timber owner. I don't have first hand knowledge of the situation, only from what I've read, but the town of Bandon has limited drinking water resources and will run out of water in about 15 years unless they develop another source. This dam will be a needed future water source for the town of Bandon, will benefit dozens of area cranberry farmers who need the water too and yes, may benefit Mike Keiser's future golf expansion plans as well. It was the cranberry farmers, not Mike Keiser, who initiated the plans for the dam. They were short of money and Mike Keiser, realizing the dam could be of benefit to his plans as well, bought into a 15% share of the dam. The dam is needed by the town of Bandon and by area agriculture, regardless of Keiser's plans.
To me, this seems like a proper use of eminent domain by a local government that needs to expand necessary infrastructure. I'm a firm believer in private property rights, but government has to have the right of eminent domain, otherwise cities could never keep up with providing the infrastructure needed for growing communities.
The more you learn about it, the more it pisses you off that an intellectually lazy NYT reporter painted it as a woeful small landowner vs. greedy Gulfstream-flying corporate welfare.