The Troy Little League was given permission by the Fraternity to use part of our lot framed by Walker and Spring Aves as baseball fields. Over the past several years they have made offers to buy that land outright, which the Alumni Board refused. At the time it was not felt that we needed the money nor did we wish to relinquish the property rights.
Times have changed and the Alumni Board is now in need of funds to be able to provide the much needed repair and renovation to our house to enable more generations of men to have the same experience we did while attending RPI. As of June 15, we will be signing a purchase and sale agreement with the Little League, selling them the property for $100,000. We retain the rights to be first purchaser of this land should the little league ever decide to sell. In addition, our brothers will still be able to use the fields when not in use for league games or practices.
Our property line will include the hill on the back of the house, ensuring that our privacy is maintained.
While this sale might seem drastic or unnecessary, I assure you that this infusion of cash is desperately needed. A large portion of it will go directly to the first infrastructure project on the list from our building assessment.