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[quote=Anonymous][quote=Anonymous]The linked articles say that that only $23 million of the $70 million raised was used for the athletic center. The remainder was used for student aid and other school operations.  Not exactly the same, but much like a $47 million boost to endowment + a state of the art facility.  Not bad for 4 acres of forrested property.  [/quote]

Oops, you're right on the $23 million athletic center -- not $70 million.  The athletic center appears to be the biggest single line item, but the balance of the $70 million was for other things.  Per the other links, it seems the endowment remains at $20 million, but the bond offering allowed GP to avoid using that endowment for various projects, so maybe little difference in the end.  Here's the key sentence from one of the articles:

[quote]In 2003, an analysis identified that Georgetown Preparatory School in North Bethesda, Maryland needed almost $70 million (U.S.)—three times the school’s endowment fund—for athletic [[i]Ed: $23m per other article[/i]] and academic facilities, maintenance, salary increases and student aid.[/quote]

Thanks for catching my mistake.[/quote]

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