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If I remember correctly, the Sigma Chis are one of the oldest fraternities at OU in continuous existence. Likewise, they own the house, but not the land, as all the land on South Greek belongs to the University of Oklahoma. (The North Greek houses, if I remember are fully owned (land and house) by the fraternity or sorority.)
Sigma Chi will more than likely stay dormant for a few years until they have an opportunity to recolonize. In the meantime, the alumni corporation will probably lease out the house to a fraternity or a sorority that's colonizing (with the university's blessing).
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ASF
Causa latet vis est notissima - the cause is hidden, the results are well known.
Alpha Alpha (University of Oklahoma) Chapter, #814, 1984
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