City of Norfolk v. Penn Mutual Life Insurance

In 1930 there was a general reassesment of real estate in the city of Norfolk. The Penn Mutual Life Insurance Company is, and was, the owner of certain property on Granby street which it claims Was then over-valued. It sought and obtained a measure of relief in the trial court. From the judgment of that tribunal the city has appealed.

Granby and Main are the two principal streets of Norfolk. Generally speaking, Main street runs east and west, and Granby, north and south. On the northwest comer of Main and Granby streets is the Atlantic Hotel which was for many years one of the leading hotels…