No it isn’t. After the truth about Paterno and Sandusky came out, they should have demolished the place and poured salt on the ground, a la ancient Carthage.
Shame on them.
For what it’s worth, I tend to agree that the institution, and the current administration, of Penn State should have suffered some serious consequences.
Look at what happened to Enron: no little boys were raped, there was no cover up of same, there were accounting irregularities and maybe even financial fraud ... and the entire Enron organization was disbanded, while its top executives went to jail. What happened at Penn State was far, far worse ... and it appears that substantially all the blame for the cover up has been placed on a dead man, and the organization just keeps on trucking along.
I think that, at least, the football program should have been shut down for a generation over what happened. I think there’s a case, though weaker, that the entire athletics department should have been shut down for a generation. I would not strongly advocate for closing the whole University, but I could see how such a step would be in the interest of justice, and of discouraging future cover ups at other institutions.
The functionally nothing that actually happened is a disgrace to the University, the State of PA, and, to a more dilute extent, the entire USA.