Lambda Iota Zeta

[GammaZeta]

Hi Life,

I'm pretty sure the LCAP does pretty well regardless of the situation. One property may be at a loss, but I assure you they have two others to make up for it.

Again, we all heard it before, but a couple years ago we just gave them, just signed the deed over, to our very first chapter house, Gamma Zeta.

They have had it filled the last couple years with other fraternities, and I drove by this weekend and the place is in shambles. The roof shingles are almost all completely off. Unfortunately they have made no improvements to the property at all.

The property itself is located on one of the most desirable locations in Amherst, Massachusetts second highest property values and if anyone knows Massachusetts, property values are HIGH. If sold today, the house would get at least 500,000 and possibly as much as $1 million depending on how high Umass-Amherst drives up the bidding.

Back on point. You always have to figure that there will always be some kind of "money pit" for LCAP.

I even have faith in them that in the near future that Gamma Zeta will turn into one of those "money pits" where they just throw money at it because of historical value.

For instance, there are alot of deep pocketed alumni out of GZ. Hyothetically, if they did throw alot of money into it, they may not see it returned directly, but there is a good chance of better alumni relations which in turn brings in more $$$.

And I'll even admit, Alpha and Gamma were "protected" chapters. It's true that there always will be. It's a business as well. It isn't fair.

Em1843 said it best in his quote.

But I look forward to the future. I'm really hopeful that GZ will someday become a crown jewel in LXA's roster. Of course, it's chapter designation will allow them some leeway no matter what IHQ says. But younger chapters can also think of it as an incentive to keep their chapter going and get that status themselves.

[lifesaver]

Originally posted by GammaZeta
Hi Life,

I'm pretty sure the LCAP does pretty well regardless of the situation. One property may be at a loss, but I assure you they have two others to make up for it.

Again, we all heard it before, but a couple years ago we just gave them, just signed the deed over, to our very first chapter house, Gamma Zeta.

They have had it filled the last couple years with other fraternities, and I drove by this weekend and the place is in shambles. The roof shingles are almost all completely off. Unfortunately they have made no improvements to the property at all.

The property itself is located on one of the most desirable locations in Amherst, Massachusetts second highest property values and if anyone knows Massachusetts, property values are HIGH. If sold today, the house would get at least 500,000 and possibly as much as $1 million depending on how high Umass-Amherst drives up the bidding.

Back on point. You always have to figure that there will always be some kind of "money pit" for LCAP.

I even have faith in them that in the near future that Gamma Zeta will turn into one of those "money pits" where they just throw money at it because of historical value.

For instance, there are alot of deep pocketed alumni out of GZ. Hyothetically, if they did throw alot of money into it, they may not see it returned directly, but there is a good chance of better alumni relations which in turn brings in more $$$.

And I'll even admit, Alpha and Gamma were "protected" chapters. It's true that there always will be. It's a business as well. It isn't fair.

Em1843 said it best in his quote.

But I look forward to the future. I'm really hopeful that GZ will someday become a crown jewel in LXA's roster. Of course, it's chapter designation will allow them some leeway no matter what IHQ says. But younger chapters can also think of it as an incentive to keep their chapter going and get that status themselves.

Good points, but this isnt about your house or mine, and was definately not intended to start this thread off in another direction on LCAP. We all know how you feel about LCAP and god knows I dont want to open that up again. (personally, I havent worked with them and arent specifically looking to anytime soon)

I just Made the Michigan reference as an example to Matt's post about the pet chapters. LXA has been losing money on that property long before LCAP was a glint in anyone's eye. My point was to agree with Matt and that there are 'pet' chapters out there. Michigan has some 'famous' LXA alums and its well known that affords them some 'protection'. People can and will deny that, but if it wasnt the case, then why wasnt that chapter house sold off 10 years ago when it became a liability to the org? (and I mean SIGNIFICANT liability in terms of finances) I of course am asking rhetorically, because I already know the answer.

[Tom Earp]

I do agree with many of the above Posts especially lifesavers and of course EM1843.

There is a distinction among Zetas. Flag Ship Colleges are always going to be at the fore for status.

But it has also comes to My attention that as lifesaver has said, there is a new game in town with Brother Bill Farkas as The New EVP and The Current GHZ!

I can speak from experience on that for the moment. Down to One Member but with a new house in progress and maybe IHQ knowing me has had to help. They have been very willing to work within our situation because We dont bad mouth IHQ but try to show that We Do Not Give Up. Many of the Staff ahve been willing to and are willing to work with us to rebuild LX Z.

While status is Great, the back bone of the Fraternity is the Middle B and C Zetas.

Isnt it true that those Zetas who work with IHQ do have a step up as opposed to those who go about their merry way and do what they feel is not progressive but stupid.


I couldnt agree more whole Heartedly about keeping Zetas where the school Such as Alfred deal with Greeks in such a shoddy manner.

While I have the Highest Regard for George Spasyk, there has to come a time of change as others have.

We as LXA are One of the Finest Fraternitys and should act like it, this is a new era and We should be on the forefront of it as We usally are.

We have led NIC Greeks for many Years and I hope We will continue to do it again and more.


LCAP is a Department of LXA Int. that is unheard of when it was started. Money Pit, I cant say, but it has helped Zetas such as Ark. Un. keep the house, rent it out, make money and have it available when they were ReChartered.

Credit should be given where credit is due!

[GammaZeta]

I wasn't bashing LCAP, for once.

I just noticed that the Michigan reference reminded me of my situation and experience.

A "money pit" is a project or item that you just throw money into without seeing any type of return.

Yeah, LCAP has them. So do most other fraternities.

No Life, I'm not bringing up my views on LCAP again, we already talked about those. I just wanted to illustrate that some houses do lose money, but I'm sure that the majority make money, which lessens the hit they take on the houses in the red.

Again, NOT bashing LCAP. They did get an expensive house for free in which little improvements have been made and they have been collecting rent and leases on it. Just showing that there are houses which they own that make money vs. the Michigan house. For example the profit of GZ probably balances out the loses at Michigan. That's all.

[lifesaver]

Originally posted by GammaZeta
I wasn't bashing LCAP, for once.

I just noticed that the Michigan reference reminded me of my situation and experience.

A "money pit" is a project or item that you just throw money into without seeing any type of return.

Yeah, LCAP has them. So do most other fraternities.

No Life, I'm not bringing up my views on LCAP again, we already talked about those. I just wanted to illustrate that some houses do lose money, but I'm sure that the majority make money, which lessens the hit they take on the houses in the red.

Again, NOT bashing LCAP. They did get an expensive house for free in which little improvements have been made and they have been collecting rent and leases on it. Just showing that there are houses which they own that make money vs. the Michigan house. For example the profit of GZ probably balances out the loses at Michigan. That's all.

RIF, lol. I see what you are saying now. You are right all fraternities have the money pit's. I'm sure LCAP can handle it.

My main point in the previous posts was that I have NO problem with chapters being treated differently than others, as long as its a SITUATIONAL thing. Example; Ball State was closed for numbers and risk management violations, Texas Weslyian was closed for numbers. I gurantee that we'll be back to Ball State long before we'll go back to Tx Weslyain. Thats ok too because they are differnet schools with different situations and potential for future operations. I just think those decisions should be based on the situations and not on the people from those chapters. Thats not good business, and we all suffer because of it.

[GammaZeta]

Yup.

If we held all chapters equal, there wouldn't be any more chapters.

Different situations, different people, different circumstances, different environments.