Posted on Feb 17 2019 - 12:57pm
The total cost to maintain the TEP Sisson Mansion for the next 50 years is estimated at $802,500.
That is an Average Yearly Maintenance Cost of $16,050.
Why would we spend that kind of money on the property? Why not level the property and build something more cost effective?
The answers to these questions are simple:
- The character of the Sisson Mansion is in the very fabric of our fraternity.
- It is a common memory shared by each and every Alumni.
- With the Endowment Fund in place, the power of Alumni donations will be leveraged and we won't actually be "investing" that much into the property.