In a heartwarming turn of events, the charitable arm of the Bally’s Corporation has stepped in to save Preston High School from closure by purchasing the school’s buildings and leasing them back to the beloved Bronx institution. This move comes as a huge relief to the school community and supporters who have been fighting to keep the Catholic school’s doors open.
The decision to close Preston High School, a historic all-girls school in the Bronx, had sparked outrage and sadness among students, parents, and alumni. The school, which has been a pillar of the community for over a century, faced financial challenges that seemed insurmountable. However, thanks to the generosity of the Bally’s Corporation, a glimmer of hope has emerged for the future of Preston High.
According to sources close to the negotiations, the Bally’s Corporation’s charitable arm will purchase the school’s buildings and lease them back to Preston High School. This arrangement will provide the school with much-needed financial stability while allowing it to continue its mission of providing quality education to young women in the Bronx.
The news of Bally’s Corporation’s intervention has been met with overwhelming gratitude and relief from the Preston High School community. Alumni, parents, and students have expressed their joy and appreciation for the corporation’s generosity, which has saved their beloved school from closure.
Sister Mary, the principal of Preston High School, expressed her gratitude to the Bally’s Corporation for their support. “We are incredibly grateful to the Bally’s Corporation for stepping in to save our school. This partnership will ensure that Preston High School can continue to educate and empower young women for years to come,” she said.
The decision to save Preston High School comes at a time when many Catholic schools across the country are facing financial challenges and declining enrollment. In recent years, several Catholic schools in New York City have been forced to close their doors due to financial difficulties. The closure of these schools has had a devastating impact on the communities they serve, leaving students without access to quality education and support.
The Bally’s Corporation’s decision to save Preston High School is not only a victory for the school community but also a testament to the power of corporate social responsibility. By investing in the future of Preston High School, the corporation is not only preserving a cherished institution but also making a positive impact on the community it serves.
As the news of Bally’s Corporation’s intervention spreads, supporters of Preston High School are hopeful that this partnership will pave the way for a brighter future for the school. With the corporation’s support, Preston High School can continue to thrive and provide young women in the Bronx with the education and opportunities they deserve.
In these challenging times, the story of Preston High School and the Bally’s Corporation serves as a beacon of hope and inspiration. It is a reminder that when communities come together and corporations act with compassion and generosity, anything is possible. The future of Preston High School looks brighter than ever, thanks to the kindness and support of the Bally’s Corporation.