The sorority house that was sold was actually next doors. It was the old AOII house and it was incredible. I have no clue why they sold property with such key location.
The house was put up for sale for about a year and no one snagged it, so, the university finally decided to buy it.
Its a shame because when the university buys old greek houses, that hurts the greek system's ability to expand or "rebound" after losing chapters.
The sorority across the street is Thetas. I dont see them EVER selling that house. It think its the oldest sorority house on campus.
I had heard that the Beta alumni had raised a lot of money, but I had no clue that it was that much!
I'm glad because I was worried that the university was eyeing your property as well.
I hope they have a successful recolonization.
As for most greeks at IU, selling off there house, that actually isnt the case.
Every fraternity that has been kicked off of campus that owns property still owns their property. With the exception of AOII, no one has sold their house.
A lot have been leasing them though to create some cash flow whilie their organization is absent from campus.
If the rumor is true, the next house for sale will be the Kappa Sigma house (they are building a new one closer to campus)
(see
http://www.idsnews.com/story.php?id=11710)
Other then that, excluding Beta, there are just 2 empty houses. I know that one of them is willing to lease out the property next year, I dont know about the other.