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Reply to "Sidwell vs GDS upper school"
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[quote=Anonymous]I’ve wondered about the importance of campus environment too. With the exception of GDS (and perhaps Sidwell) the elite private schools of this area are sitting on real estate gold mines. I was shocked when Georgetown Prep leased less than four acres of a corner of the Prep campus for $888 million over the course of the 99-year lease. That deal (which affected less than 5% of the Prep campus allowed Prep to build a $23 million athletic center. If campus open space isn’t important (as some seem to think), but don’t these schools just sell the open space to bolster the endowment and retreat to a micro campus model like GDS? Unthinkable most would say – but why? What is it about a spacious campus that justifies foregoing the money that could be raised from the land? Prep didn’t even have to sell the land – they leased it.[/quote]
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