Quote:
Originally Posted by 2013PNM
As a current chapter member at Alabama, we are in serious need of an expansion. The size of our chapters is getting out of hand, my pledge class ended up being over to 130 girls after the two COB periods that every chapter participated in this year.
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Current total is, I believe, 260...which is pretty staggering. Many chapters are 300+.
Quote:
Originally Posted by irishpipes
I think a lot of the problem at Alabama is that they have priced themselves out of the market. There are a couple of groups that are not presently on campus that could probably make the financial commitment, but not all 26 groups could.
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The thing is - the present arrangement for building loans with the university is just...unprecendented,
anywhere. UA is investing in Greek housing by loaning the money for building. UA owns the land, and always will. If a chapter defaults, UA gets the building. Any other time or place, the chapter would have to go to commercial lenders, which is really difficult with no collateral. It's the best time in history to bring a chapter onto campus.
But it's also the most expensive time.
I can't even wrap my head around a mortgage payment for a $12 million loan.
And what happens when, inevitably, it becomes uncool to be Greek and membership numbers drop?
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