So? Why should the state be able to decide if I should have to move if I don't want to just because they decided they wanted to handout tax breaks to company?

That seems like a pretty generous offer. For comparison, that comes out to around $1150 per square foot, which is what a lot of (developed) real estate is going for in SF right now.

Still, though, I think it's disgusting to use eminent domain in order to turn land over to a private company.

That can’t be right... there are 43560 sqft in an acre.

Right, it is a pretty fair offer, but it's not SF real estate generous. That would work out to $16 billion or so.

So $1.150/sqft, a simple mistake in the place of the decimal point.

That's a really good price. I live in a fairly desirable area in MN and $10,000/acre is considered high in these parts.