|
I can imagine that having a fraternity chapter close where the fraternity owns the house can also be a liability. All of a sudden an organization would have to swallow the cost of dealing with the house.
There was a fraternity on my campus that closed three years ago. The national organization still owns the large tudor style house that the brothers used to live in. It is in desperate need of renovation and all of the national organization's attempts to rent the house out until the fraternity can return to campus have been unsucessful. Now the national org has to put down the money for renovation while it is not gaining income from rentals or brothers paying dues. It seems like a losing situation for the national org.
|