Word: sigma
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...Sigma Chi knew that having a house of their own would keep Epps and other administrators from cracking down on their meetings, but getting property in the Square is no easy task. Real estate is rare, prices are high and social clubs need unusual spaces like large function rooms...
Luckily for them, serendipity struck when tax foreclosure proceedings on the Pi Eta house began in 1995. Pi Eta was considering selling the house, a well-located property with large rooms suited for group gatherings, until members heard about Sigma Chi’s needs. Ordinarily the price for such a space would have been out of range for a fledgling fraternity like Sigma Chi, but Pi Eta decided to cut them some slack...
...April 20, 1996, three Pi Eta members met with a representative of Sigma Chi at a Bickford’s Restaurant on Route 1 and hammered out new bylaws for the Pi Eta Speakers Associates, the corporation that controls the property at 43-45 Mount Auburn St. For 10 years, seven members of the board would be Pi Etas and five would be Sigma Chis. Over the next 10 years, the makeup was to be even, six Pi Etas and six Sigma Chis. The 10 years after that, Sigma Chi would have the majority of members, with seven members versus...
...exchange for their membership in the Pi Eta Speakers Associates, Sigma Chi promised to arrange for a loan of $200,000 to fund capital improvements on the house and take on the responsibility for operating and maintaining the property. In September 1996, students again set up shop at 43-45 Mount Auburn...
...condition of the property, describing the first floor, covered with paint cans and bottles of disinfectant, as “a work in progress.” But students moved in immediately to help defray costs by paying rent for their housing. They painted and cleaned and, pretty soon, Sigma Chi had a cozy home to call their...