3
many hands, one heart
Where Is the
Money Going?
A
lpha Delt has set a campaign goal of $5 million to
renovate the original 1921 Tudor chapter house,
demolish the 1969 addition, and build a new Tudor-style
addition to the chapter house in 2020. The funds raised in
the Many Hearts, One Hand campaign will be used for
design, permits, and equity to support a construction loan
and mortgage on the rebuilt facility.
New Tudor Addition
The Building Committee research
concluded that renovating the 1969
addition would cost nearly as much
as a new building without offering
any amenities.
Demolish
1969 Addition
$700,000
Housing &
Amenities for
Seniors
Priceless
Additional
Study Rooms
$2.1 million
New
Weight Room
$100,000
Literary Hall
(to be named)
$200,000
Outdoor Decks
$200,000
Bike Storage/
Repair
$100,000
Seismic
compliance and
extensive safety
considerations
Upgrade 1921
Chapter House
The existing chapter house
remodeled to studs and totally
upgraded to current building code.
Bigger
Kitchen and
Dining Capacity
$500,000
New
Bathrooms
$500,000
New Electrical
and Heating
Systems
$1.5 million
Upgraded
Chapter Room
and Library
$200,000
New
Windows, Doors,
and Security
Systems
$700,000
New Roof
and Repairs to
Brick Exterior
$900,000
Landscape
Front Yard
$100,00
Seismic
compliance and
extensive safety
considerations
The $5 million fundraising goal was established based off a
feasibility study conducted with our alumni. The $9 million
estimated cost for construction is higher than our fundraising
goal, but the board is comfortable moving forward with
some debt, knowing the rent generated and ongoing
contributions by alumni to the capital campaign will be used
to pay down the loan.
Total Estimated
Construction Cost:
$9 million
including design, financing,
construction, taxes and
contingency fund
