Anonymous wrote:There appears to be quite a bit of misinformation on this website about the current situation at Prep. I will try to address each:
1) Facilities: The cost of on-campus improvements totaled about $70 Mil. The Vision Campaign successfully raised $35 Mil. Prep financed the remainder of the improvements by issuing a $35 Mil. tax exempt bond at a very favorable interest rate. Prep leased out 5 acres of land for the Inigo's Crossing. Income over the 99 years will amount to $888 Mil. Present value, at the time they struck the deal, was about $65 Mil. The revenue from the land lease increases exponentially every year and services the bond payments. Once Prep pays off the bond, the rest will be pure income to fund operations and the endowment. In spite of hiring consultants to estimate the operating costs of the athletic center, these consultants did underestimate the costs, but Prep's leasing of the facilities helped to offset the costs. What hurt Prep the most financially, was a combination of the economic downturn, which killed the endowment, and the substantial increase in salaries promised to the faculty. The board of trustees, which governs the operation of the school, worked very hard to address the financial issues, and the school is now in a good place and will embark on a major capital campaign shortly. While the financial challenges may have led to the demise of other schools, Prep was never in any financial jeopardy.
2) Kevin Giblin: KG no doubt is almost singularly responsible (like Bordley at Landon) for the success of Prep's lacrosse program. Arguably, lacrosse increased Prep's national profile, in a positive way, more than any other factor in the last 20 years. KG is an incredible coach and mentor, and his heart was/is in the right place. He has one major flaw: He lacks a volume switch and became, at times, his own worst enemy. Much of the issues he expressed frustration with at Prep were valid, but he often expressed his frustrations in the wrong manner/forum or to the wrong audience. There was quite a bit of friction between the lacrosse program and some of the faculty/staff, but you could not argue with KG when it came to the results: His teams won, and his players attended some of the finest academic institutions in the country.
3) Current state of Prep: Prep, as a school, is in a great place. Their President, Rev. Scott Pilarz, SJ, is a rock star in the Jesuit order of the United States (former President of Scranton and Marquette Universities). He understands the whole picture (i.e., academics, administration and academics). Their head of development, a Gonzaga graduate, is also equally impressive. The new Dean of Admissions, a Prep graduate, is the polar opposite (a good thing) of his predecessor. The recently appointed Headmaster returns to Prep for a second tenure (first as Headmaster) and is incredibly accomplished for a relatively young individual. He understands academics and the important role of athletics in a rigorous academic environment.
4) Lacrosse Program: It is way too early to write the obituary for Prep lacrosse. With respect to the new head coach, his credentials are far more remarkable than KG's when KG took over the Prep program in its infancy. Urick does have significant name recognition in the lacrosse community, and, if necessary, I am sure he can lean on his father, a HoF lacrosse coach, for some coaching advice. He certainly knows the Xs and Os of lacrosse, and he can hire capable assistants to fill in the blanks. As for the pipeline, the biggest problems Prep experienced was an incapable Dean of Admissions (now rectified) and a struggling economy (arguably rectified). The rising sophomore class at Prep is absolutely loaded as is the rising freshman class. I know that at Mater Dei School, a big Prep/Gonzaga feeder, the pendulum has now swung back toward Prep and has so for the last two incoming freshmen classes (e.g., two of the best incoming freshmen lacrosse players have strong Gonzaga ties but opted for Prep).
Prep will do just fine.