BQP
Beta Upsilon
Chapter
OuR Plan
Continued
Phase I – Main House Renovation Highlights
Phase II – Annex Renovation Highlights
• Complete renovation of the basement
• New and improved educational space, potentially
• All-new kitchen with designated dining area for 10-12 for
including lab and fabrication, music room, and
breakfast/snacks
entrepreneur/venture area
• Construct a full-size laundry room in basement
• Complete review and update of mechanical, electrical and
• Build a powder room under the main staircase to serve as
plumbing systems
restroom on main floor
• New, fully equipped fitness room
• Refinish all hardwood floors, clean and repaint the
• Refinish all hardwood floors, clean and repaint the
millwork, restore the historical light fixtures
millwork, restore the historical light fixtures
• Overhaul existing bathrooms with new fixtures and
• Overhaul existing bathrooms with new fixtures and
showers and made to be water-tight
showers and made to be water-tight
• Update fire safety systems (fire escapes, fire alarm
• Update fire safety systems (fire escapes, fire alarm
system, sprinkler system, etc.)
system, sprinkler system, etc.)
• Restore front façade (realign stone curbing, repaint
• Exterior repairs include new front steps and walkway,
windows, etc.)
replace the front door and frame, and preserve the stone and
• Develop a live-in advisor suite
brickwork
Project Estimate
Renovations
$2,000,000
Interest*
$200,000
Campaign Expenses
$200,000
Chapter Restart Costs
$100,000
Total
$2,500,000
* Campaign contributions will be collected over a period of five years. To complete the renovations in a timely manner, the Beta Upsilon Association will take
out a loan through the Independent Residence Development Fund (IRDF) upon the commencement of each phase of the renovation project. As pledge payments
are collected, payments will be made to the IRDF to eliminate the construction loans. The IRDF and the Beta Upsilon Association have an agreement in place for
a Phase I loan with a fixed interest rate of 3%.
