Here you go...the facts as I know them
As a former High Pi at CSU, let me clear this up a bit for you....
The house is owned by the Lambda Chi Alpha Housing Corp., a local organization (NOT LCAP). Currently, I think there is only one or two members of the corporation.
When LXA was closed in 2001 at CSU, it was more risk management and PR issues than "alcohol violations" as referred to in the article.
CSU's greek housing is broken up into a few segmented areas, and the area where the house is was the largest concentration of houses. Since 1995, that area has undergone massive changes - one fraternity being closed, and the house interior demolished by the members, now sold to another fraternity. The house that used to be adjacent to LXA was also closed in 1998, and was razed. It is now a condo project. There is another sorority house that has been vacant since the Matthew Shephard incident as well behind the LXA house.
I think this is a great idea to lease to a Christian organization - they will not do to the house what Sigma Pi did to the house (MAJOR damage inside since they occupied)...then again, the house was aging anyways, and needs a lot of renovation.
There are lots of rumors about LXA's return to CSU. As I understand it, though, when the house was closed, the minimum time away would be four years before CSU or LXA would recolonize. I believe that time frame has now elapsed, but, I also don't think campus conditions are good for a return, yet. I would estimate another one to two years at the earliest. LXA was at CSU for almost 80 years when closed, so I would hope that LXA would want to return at the earliest opportunity, if conditions are right.
But I also know how recolonizations can go. When my chapter was closed, it was only going to be a five year absence. In reality, it was a twelve year hiatus before LXA returned - and the timing was perfect. It sure taught me patience.
So LXA Housing Corp still owns the house, and I don't see it being sold. Then again, I'm not in the loop on that, but I just don't see it as a likely occurrence anytime soon. The house is owned free and clear, and has been since 1997, if memory serves correct (when I started as High Pi in 1994, there were two or three mortgages...the Housing Corp did a great job of getting it all paid off quickly).
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