Page 7 - Our Home - Our Legacy Campaign Brochure

Our Need he University of Alabama has decided to expand The renovations will include: TSorority Row in order to keep up with the demands of needed Greek Housing, brought on by the incredible • Renovated kitchen and dining room that will growth Greek Life is continuing to experience. As the accommodate the entire chapter Greek community has grown, Nu Beta’s membership • New chapter room to accommodate our 300+ numbers have greatly increased each year with members, with brand new audio/visual equipment approximately 100 women in each New Member class. • Renovated and new bedrooms and bathrooms on the Though our young members are fourishing, the home second, third, and fourth foors we have loved for generations no longer fts their needs; there is no longer enough space to hold chapter meetings, • Additional quiet study space provide seated meals as a whole chapter, or comfortably • Brand new gym on the fourth foor welcome potential new members into our home during recruitment. The total cost of the project is estimated to be $10,000,000. To provide a home that will fulfll the needs of current The Chapter House Corporation has secured private Nu Betas, and look to the future of the chapter, we are funding for the full project. The mortgage will be funded undergoing a major renovation of the house. We have by the active members’ house fees, savings realized by no worked with Ellis Architects on a plan that allows us longer incurring the signifcant repairs and maintenance to keep the historical integrity of our home, while also costs associated with an older building, and donations addressing the fact that the chapter has outgrown our from alumnae like you. current space. The project will expand the house from about 16,000 square feet to over 38,000 square feet. It will be one of the largest houses on campus, and the largest Chi Omega house in the nation! Financial Information Total Cost Estimate: Projected Expenses: $10,000,000 $8,260,000 3% University of Alabama Ulitities $250,000 97% 5% 80% House Construction Construction Financing Construction $9.75 milliin $435,000 10% 5% Architectural, Legal, Fixtures, Furniture Permitting, and Fundraising Fees and Equipment $870,000 $435,000