Preston High School in the Bronx was on the verge of closure due to financial issues, but supporters rallied to save it, asserting that its finances were sound and enrollment robust. Influential figures like New York Attorney General Letitia James intervened, leading to an agreement with Bally's Corporation for a property sale. The Sisters of the Divine Compassion accepted a $10 million offer, allowing Bally's to lease back to the school for a nominal fee. This decision helps preserve a vital institution for female education in the community, defying closure trends affecting similar schools.
After initially rejecting an offer from Bally's to buy the property, the Sisters of the Divine Compassion, the religious order that owns Preston, accepted the company's offer of approximately $10 million.
We are overjoyed that Preston will remain open for young women in the Bronx, said Jackeline Stewart-Hawkins, a 2002 graduate who helped lead the campaign against the closing.
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