[lenoxxx]

I think it is interesting that the LCAP dump of properties avoids one key item- the general fraternity meeting (be it GA or Leadership Seminar) in the summer. Look at the dates for how this was handled. The notices that the houses were being unloaded were sent to alumni about 6 days before thanksgiving in the fall, giving just about no warning to anyone to prepare for this- this date is also signifigantly after GA. Now they seem to be asking for above market prices (on houses that were basically given to them in the first place years ago) to cover for their own negligence; and note the deadline in the note from Michigan State's letter- June 1rst.

Which I believe is before GA so that the general membership that votes on items of interest to the general fraternity cannot be made part of that decision making process. I would think that if you could talk to all of the LCAP chapters and see the big picture, it would be shockingly bad/embarrassing, and a vote to suspend these sales pending a vote of the general fraternity would force some sort of action to make the prices more reasonable to let our chapters hold onto these homes.

Really, the more you read the Michigan State letter, the more angry anyone associated with the fraternity would get regarding how chapters that trusted Indianapolis are now being treated. And as to Tom's point about this being on an open website- good, it should make people uncomfortable, upset and embarrassed to read about how lambda chi's are treating each other. Perhaps putting some small public spotlight might force people to do the right thing when they otherwise would not do that.

And one more thing- if they were supposedly losing 15 k a year for years on the Michigan State house, then what business would continue to run that way? Why would you not change the structure of the leasing/pricing etc. to try to not lose the same amount every year?