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Dudes, you're not getting a 100 year old house just because you're the current tenants. DUH.
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The current tenants aren't getting the house, the house is owned by the UT Austin Alumni Advisory Board, and they are keeping the house. Your statement should read, "Dudes, you're not getting a 100 year old house that is privately owned just because you used to be affiliated with the organiziation that legally owns it outright."
I've got a son in that chapter, and while I'm not going to go into details -DON'T believe everything you read in the press, There is a "shock and awe" campaign going on by the national order.
Believe me when I tell you that the parents and alumni know everything going on. I've got reams of paperwork sent by the national order, the lawyers and the housing corp for the chapter. Both sides are keeping us all well aware of the goings on and legal proceedings.
Suffice it to say, that of all the families involved currently, throughout this whole mess, they've only lost one member, and they took a pledge class of 40 boys - sans membership with the national order. They are also a registered organization with the University of Texas, who saw no reason for suspension. So, yes, at this point I'd say they are a viable chapter.
The alumni are supporting the move to break with the order, in fact they felt it was the only way for the chapter to survive.
If what they were saying in the press was the whole story, do you think they would have been able to get liability insurance and have the full support of the alumni advisory board and parents?