Phi Gamma Delta - University of Colorado

Purchase and renovate the rental property Project Goals • Reconfigure individual apartments to create suite-style living spaces. • Build commercial-grade kitchen and dining space to accommodate chapter meals and enhance brotherhood. • Create large common areas to encourage and allow live-in and live-out members to gather and spend time together. • Provide adequate group and individual study space for members to maintain a strong focus on academics. Estimated Cost Purchase of the facility ......................................................... $11,500,000 Major interior renovations .................................................... $1,000,000 Chapter house furnishings ....................................................... $250,000 So costs and contingencies .................................................... $250,000 Total ........................................................................................ $13,000,000 Cash on hand .......................................................................... $2,000,000 Debt servicing ......................................................................... $2,000,000 Fundraising ............................................................................. $9,000,000 Project plans and cost estimates are subject to change. 5 our plan to secure the future Option 1 Purchase a new property Project Goals • Have cash in reserves to purchase a new facility to be used as a permanent chapter house for members and graduates alike to gather. • Fund additional housing needs, including expanding a kitchen and dining room to accommodate commercial equipment and to feed a chapter of 100-plus members; reconfiguring and expanding bedrooms, as needed, given size constraints; and creating designated group and individual study space with appropriate lighting and technology for members to excel academically. • Provide comfortable and durable furnishings for bedrooms and common areas to accommodate in-house and out-of-house members. Estimated Cost Purchase and renovate a new facility ................................. $12,500,000 Chapter house furnishings ....................................................... $250,000 So costs and contingencies .................................................... $250,000 Total ........................................................................................ $13,000,000 Cash on hand .......................................................................... $2,000,000 Debt servicing ......................................................................... $2,000,000 Fundraising ............................................................................. $9,000,000 Project plans and cost estimates are subject to change. Option 2 W hile the Phi Gamma Delta experience is certainly more than the bricks and mortar of the chapter house, our home undoubtedly plays a significant role in the development of our brothers and as a visual representation of our shared values and goals. While the house corporation works hard to maintain the current rental facility, having a permanent home in Boulder is necessary for our growth and connection as brothers. We have put much thought into how we should rectify this issue, and through careful assessment and planning, two viable options have been determined.

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