Wednesday, February 1, 2012

University pays millions for Lumpkin fraternity houses

By on July 6, 2009

The fraternity houses on River Road are nearly complete.
JOHN WEATHERFORD
The fraternity houses on River Road are nearly complete.

Documents show the University paid two fraternities more than $2 million to leave their houses on Lumpkin Street.

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.

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