Lowball Watch – Virginia

WAVY.com of December 12, 2012 reports that a Virginia jury awarded $3,7756,250 to Nova Plastics and its Owner Howard Everton for the taking their business. Andy Fox and Mila Mimica, Local Business Gets Nearly $4 million. Click here.

The taking was by the Norfolk Redevelopment & Housing Authority, for expansion of Old Dominion University. The original offer was $2,080,000 which was later increased to $2.4 million. The jury arrived at the $3,756,250 verdict after only 50 minutes of deliberation.

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