Letter to the Editor: Sisters decline Bally's $8.5M offer for Preston High - Bronx Times
Briefly

Local officials were dismayed when the Sisters of the Divine Compassion rejected an $8.5 million offer from Bally's Foundation to buy and lease back Preston High School for just $1 annually. This decision has shocked and frustrated stakeholders, including elected officials and over 10,000 community members who are calling for transparency. Despite efforts to secure funding and advocate for Preston's future, the basis for the Sisters' rejection of such a promising solution remains unclear, leaving alumni and parents seeking answers and accountability.
The rejection of the Bally's Foundation offer to purchase Preston High School property raises significant concerns among local officials, alumni, and community members seeking transparency.
Local elected officials express disappointment in the decision made by the Sisters of the Divine Compassion, despite the substantial offer to preserve Preston High School.
Read at Bronx Times
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