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SAE1955
Your comment was ignorant, inappropriate, and smacks of jealousy. I cannot BELIEVE it came from a 'brother' of Sigma Alpha Epsilon!
Land values in Austin are ridiculously high. Property that is anywhere near (within 4 mi. of) campus and big enough to build a fraternity house +parking on would easily run a few million. In fact, a few of the sorority houses at u. texas do carry value estimates into and above the 5 million mark.
u. texas is smack-dab in the middle of the city of Austin. Usually, if anyone wants to build, they must purchase land and whatever building already exists on it, tear it down & build their own.
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