Norva Plastics wins big in eminent domain
“Old Dominion University wants to use the property where Norva Plastics is located on Killiam Avenue to redevelop and expand campus.
At first, the Norfolk Redevelopment and Housing Authority offered $2,080,000 for the property on a first appraisal. NRHA then offered a second appraisal of $2.4 million and after 50 minutes of deliberation, a jury of five awarded Norva Plastics and its owner, Howard Everton, $3,756,250.
Although the full amount was Everton’s original appraisal, he is still not satisfied. The company has been in Norfolk for more than 70 years.”
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Fox, Andy. WAVY.com 12 December 2012.