US EditionSale keeps Preston High School in the Bronx open
- Bally's Foundation purchased Preston High School in the Bronx on Tuesday, April 8, 2025.
- The all-girls Catholic school faced closure due to previously announced financial and enrollment issues.
- New York Attorney General Letitia James brokered the agreement between the school and the Sisters of the Divine Compassion.
- Bally's Foundation paid $8.5 million for the property and will lease it back to the school for $1 annually over 25 years.
- This agreement ensures the school remains open, providing an option to purchase the property in the future.
15 Articles
15 Articles
Bronx Catholic high school saved from closure after Bally's Foundation purchases land from nuns
Bally's Foundation agreed to buy the property for $8.5 million from the Sisters of Divine Compassion, then lease it back to the school for one dollar a year for the next 25 years.
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Attorney General James Saves Preston High School in the Bronx - Utica Phoenix
Following Public Hearing, AG James Brokered Lease Agreement Between Preston High School and Bally’s Foundation to Keep School Open for 25 Years with Option to Renew Lease NEW YORK – New York Attorney General Letitia James today announced that Preston High School in the Bronx will remain open for years to come. The Office of the Attorney General (OAG) facilitated an agreement between the Sisters of the Divine Compassion of the State of New York, …
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