If someone's ineligible submission gets approved...should it be reported?

A brand new waypoint has appeared near me. While I am happy for the submitter, I'm disturbed that this submission got approved, because it's located directly inside of a (private) high school.

To make matters worse, the description specifically makes mention that it's a mural at the school painted by the school's alumni.

Should I just let it slide? Or file a report in game?

I've seen quite a number of questionable waypoints appear in the area, but most were just lame choices, so I chose to ignore them. But when one is so blatantly against the rules...should it be taken down?