Spring Break
University pays millions for Lumpkin fraternity houses
Issue date: 7/6/09 Section: News
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According to documents obtained by the Athens-Banner Herald, Chi Phi was paid $1.75 million and Kappa Alpha was paid $600,000 to vacate their houses. Chi Phi has until 2010 to leave, and has plans to move to Milledge Avenue. A housing corporation affiliated with the fraternity purchased the Arnocroft House for $1.75 million last fall.
Kappa Alpha moved into its new house in fall 2008 on Hancock Street, and its house on Lumpkin Street was torn down late last summer.
Three other fraternities - Phi Delta Theta, Pi Kappa Alpha and Tau Epsilon Phi - are moving into new houses on River Road, and their houses on Lumpkin will be torn down in August. In their place, new homes for the School of Family and Consumer Sciences and the Terry College of Business are set to be built.
Sigma Chi will be the last remaining fraternity on Lumpkin Street. It signed a 40 year renewable lease in 1996.
Viewing Comments 1 - 9 of 13
AJ
posted 7/06/09 @ 10:45 AM EST
That is complete BS that the University is in a budget crunch and pays out millions to move these frats to where they want them. They better do something that makes the money back off the land. (Continued…)
BD
posted 7/06/09 @ 11:15 AM EST
This is going to peeve a lot of folks like AJ, but the truth is the money paid out is due to the fact that these Fraternities had legitimate claims to stay where they were and the university offered the money to clear they way for the new Business and FCS buildings. (Continued…)
James
posted 7/06/09 @ 11:52 AM EST
School of Family and Consumer Sciences? What the heck kind of goofy thing is that? When are they going to open the "School of Underwater Korean Basketweaving"?
AJ
posted 7/06/09 @ 12:06 PM EST
No I agree with you BD on the University having to pay the frats. Not saying that is wrong in any way. But in the current budget climate and employees taking pay cuts. (Continued…)
Really AJ?
posted 7/06/09 @ 12:38 PM EST
AJ,
The majority of the land on Lumpkin street will be used for Terry and some will be FCS, so stop trying to make other majors at UGA look bad. The budget climate has nothing to do with these contracts between the University, KA, and Chi Phi. (Continued…)
James
posted 7/06/09 @ 3:12 PM EST
Stephanie:
You need to lighten up and learn how to take a joke.
P.S. Do any of the football players still major in "Childhood recreation"?
BulldogAlum
posted 7/07/09 @ 12:27 AM EST
This is classic Greek bull@#%#. Way to milk the University for all you could before agreeing to move. Be sure to thank the KA and Chi Phi sitting beside you at the bar tonight for not getting the class you needed to graduate because the school now can't afford to pay your professor. (Continued…)
harold
posted 7/07/09 @ 3:56 AM EST
These payoffs were likely agreed to at least a year or two ago, when KA decided to move to Hancock St. and Chi Phi decided to move to Milledge Ave. The effort to move frats off Lumpkin has been a project of Michael Adams since he took over in 1997. (Continued…)
cw
posted 7/08/09 @ 8:54 AM EST
The University is not paying one penny for the fraternities to move from lumpkin street. The University of Georgia Real Estate Foundation is financing the construction of the new houses and with what I have available to me, it seems that the UGAREF is also the entity responsible for financing the settlements to KA and Chi Phi. (Continued…)
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