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407 Burnam Capitalization/Investment
Sigma Development Corporation, LLC
Sigma Development Corporation, LLC completed redevelopment of the new annex, senior apartments, and parking garage complex in 2012 & 2013. And now beginning the final and most important part of the Capitalization/Investment effort, the main house at 407 Burnam.
The timeline line to demo the existing property at 407 Burnan and replace with a new home for AGS is Fall 2016. To complete this important step we need AGS Alumni to make their investment today.
The Next and Final Stage:
The company expects to use the proceeds of this offering to pay expenses related to the design, development, and construction of a new fraternity main house after demolishing the existing AGS house at 407 Burnam has served at the home of hundreds of young Ag.Sigs.
Progress To Date:
In May of 2011 Members of the Alpha Gamma Sigma
alumni association met in Columbia to organize
and implement a fund raising endeavor to raise
charitable donations to build the facilities
that now exist at 500& 502 Rollins in Columbia.
Specific members among the group believed
we should change our business model,
organizational model, and capitalization plan as
extensive work on fundraising over the previous
two or more years had yielded negligible
results. During the following two months certain
leaders in the group, after completing a
business and market analysis fostered a counter
proposal with a for profit model that allowed
alumni to invest with fellow Sigmas using a plan
which allowed use of both qualified money and
non qualified investment funds while creating
real ownership and a profit on their investment.
The resulting entity, Sigma Development
Company was chartered and 70 alumni stepped
forward to invest.