Quote:
Originally Posted by DubaiSis
There are 2 sororities considered the most logical for expansion at Bama and neither seems to be taking the bait. I realize there's risk at a school like this, but DG seems to be coming along just fine. And the numbers certainly justify expansion! Even the cost of one of those mansions can be justified when amortized over 200 members and 30 years to pay a mortgage. What do the people on the ground there think, other than cost of land, blah blah blah.
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Well, there is no cost of land as UA owns it all and leases it to the groups for the proverbial dollar a year. And the AXO house is in at $12 million.. Takes a lot more than 200 members and 30 years to pay that back. Alpha Phi seems to have a bottomless pit of money as they've gone thru the south colonining and building houses (Alabama, GA Tech, FSU, etc). I think - but am not certain - that Gamma Phi was still leasing their house from Alpha Xi Delta who orginally was in that location. At least as recent as 3 years ago that was the case. If AZD still owns it, they could get a decent price from UA for it and be that far up - along with all their alums - towards a nice down payment on a new one if they wanted to come back. After that, it would have to be someone with not much of an alum base but a good bit of money to come on as there aren't any others who have been there that are big in the area - or even nationally. Don't know whether Sigma Kappa would be interested as they haven't all along so evidently they have some issue at that campus that's keeping them away.
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