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St. Anthony’s High School in Jersey City, New Jersey, is closing its doors at the end of the academic year, effectively shutting down one of the nation’s most illustrious high school basketball programs.

The basketball program won more than 1,000 games, 28 state championships and four (mythical) national championships under the leadership of Hall of Famer Bob Hurley. But on Wednesday, the Archdiocese of Newark determined fundraising efforts wouldn’t be able to keep the doors open.

“We had a good run, huh?” Hurley said Wednesday when announcing the news inside the school, via the New York Daily News.

Hurley met with officials from the Archdiocese of Newark earlier on Wednesday where the decision was made.

WATCH: Showtime Sports presents Legacy: Bob Hurley

The school opened in 1952 and Hurley, who arrived in 1972, has been a mainstay for the school and basketball program. He has served not only as the head coach but was also as the school’s president the past three years and helped lead the fundraising efforts to keep the school open, according to the Daily News.

During Hurley’s 50 years at the school, he helped develop more than 150 high school basketball players into college players, including the likes of the Spurs’ Kyle Anderson, who played at UCLA, and Kansas All-American Tyshawn Taylor. Hurley did all this despite the school not having an on-campus gymnasium.

The 69-year-old Hurley was inducted into the Naismith Memorial Basketball Hall of Fame in 2010. He has two sons, Bobby and Danny, who are coaches at Arizona State and Rhode Island, respectively.