Penn State is saying they have the right to buy back the Beta Theta Pi House, thanks to some specific sections of a 1928 deed.
Penn State gave Beta Theta Pi the house on 220 North Burrows Road in State College on October 29, 1928, through a deed.
The university is saying they have the right to buy back that house, because the fraternity isn’t using it anymore.
In the 1928 deed, it says Penn State has the right to purchase the lot and the building, “If for any reason the said building or buildings should cease to be used as a chapter or fraternity house, for the use, benefit and behoof of the said party,…”
The deed also says, Penn State has the right to buy back the property if Beta Theta Pi “should fail to meet and comply with the other conditions and stipulations herein set forth,”.
Based on what is in the deed, Penn State wants the price of the house to be set by an arbitrator or a court mandated-process.