NEED: e current mortgage is now under $600,000 and has been
paid down steadily through generous gis in previous campaign
phases, as well as operational income. e elimination of this debt
would provide a financial stability for future generations of Delts.
So, all campaign proceeds above our goal will be contributed to
reducing the mortgage.
With improved financial footing, the House Corporation
will actively plan for the long-term maintenance and capital
improvements of the Shelter. In addition, rent for the
undergraduates will remain competitive on the KU campus.
VISION: e mortgage will be reduced, leaving the House
Corporation in a sound financial position.
Long-term
Viability
NEED: While Gamma Tau has enjoyed recent recruitment
success, most of the top fraternities have significantly
upgraded their facilities in the past few years, leaving Gamma
Tau at a disadvantage to recruiting and retaining the highest-
caliber new members and the best housemother.
VISION: e Gamma Tau Shelter will be competitive with
the best fraternity housing at KU, ensuring a competitive
edge for our chapter and the maternal influence of a strong
housemother.
DETAILS:
o Old section bathroom renovation
o Full renovation of women's restroom
o Updated modern laundry room
o Upgraded kitchen and dining areas
o Housemother suite renovation with new furnishings,
upgraded amenities (TV, computer, and kitchenette)
Cost: $245,000
Modernization
