Phase 1 of Southeast's Greek Village project awarded $7.72M - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Phase 1 of Southeast's Greek Village project awarded $7.72M

(Source: Southeast Missouri State University) (Source: Southeast Missouri State University)

The Southeast Missouri State University Board of Regents awarded a $7.72 million contract for the Phase 1 Greek Housing project.

The money was awarded on Monday, Oct. 5.

It will allow the university to move forward with a construction budget for the housing development on the north end of campus, north of the Show Me Center. The project includes the construction of four houses and an access drive off of Alumni Drive.

According to the schedule, two houses will be finished by fall 2016 and two by fall 2017.

The houses will be leased by four Southeast fraternities: Pi Kappa Alpha, Sigma Chi, Sigma Nu and Sigma Phi Epsilon.

While the university will finance the cost of the construction, the financing costs will be amortized to the chapters through their lease rate, said Kathy Mangels, vice president for Finance and Administration.

Representatives with the four fraternities agreed to an increase in their annual chapter rates to account for higher construction costs, primarily in plumbing and wood framing. The low bid of $7,730,000 is $477,787 above a July cost estimate.

The Board of Regents approved the feasibility of a Greek Village concept in December 2014.

In February, the Regents authorized administration to complete design development and negotiate lease terms with interested Greek organizations.

In May, the Board approved conceptual design and gave administration the go-ahead to complete design development and finalize lease terms with Greek organizations for the first phase of the project.

According to Dr. Debbie Below, vice president for Finance and Administration, the Greek Village is part of a larger initiative to enhance student engagement and to retain and graduate more students.

The university has worked with fraternities and sororities since 2013 to increase student participation in Greek Life.

Below said the university is developing short-term and long-term strategies based on consultants' recommendations.

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