DKE House Will Return to Colgate & Tax Rolls

RFH 2010, News

Wed, Apr 14, 2010

The village tax rolls will get a boost some time in the near future when the sale of one of the fraternity houses on Broad Street is finalized.

Colgate is in the process of purchasing the DKE house at the corner of Broad and College Streets. The house is currently unoccupied, and owned by the DKE alumni organizations.

The university is not, however, purchasing the building adjacent to DKE house known as the DKE chapel (pictured below) or library. The two structures are connected by an underground tunnel.

Once purchased, it will be returned to the tax rolls by the university, according to Colgate spokesman Anthony Adornato. He said "the decision to remove the property from the tax rolls was taken independently of the university.

At Tuesday's village board meeting it was mentioned that the loss of two properties -- a Colgate-owned house on Hamilton Street and the DKE properties -- had decreased the village's taxable valuation by about $600,000.