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I'm only going to address the housing issue. The University holds the mortgages on these places...ALL of them that have mortgages are thru the University. The ones that are paid for - or that the house corps have equity in - have to be bought back by the University. So, UA is getting the interest on the loans, don't have to house these students, and have at least some control over their living environment, But pulling the plug on one would mean having to buy back the "improvements" if the chapter leaves. The housing answer is far more complicated than pull their charter and take the house. And it may be a sweet deal for the land lease, but the mortgage payments have to be made and the upkeep has to be paid. And UA funds none of that.
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