Preston High School, a cornerstone of the Bronx community for over 75 years, will remain open for decades to come, thanks to an agreement brokered by New York Attorney General Letitia James. The deal ensures that the all-girls Catholic school, which faced the threat of closure due to financial hardships, will continue educating generations of young women in the Bronx.
The agreement was reached between the Sisters of the Divine Compassion, who have owned the Preston High School property since 1947; Preston High School leadership; and the Bally’s Foundation of North America, a charitable nonprofit organization. Under the terms, the Bally’s Foundation has purchased the property from the Sisters and will lease it to Preston High School for just $1 per year over the next 25 years. Preston will also have the option to renew the lease in five-year increments thereafter.
“Preston High School is a pillar of the Bronx community that has educated generations of young women and today I am proud to announce that the school will stay open for years to come,” said Attorney General James. “I want to thank all the students, teachers, parents, alumni, and elected officials who submitted testimony to my office and advocated to keep the school open. Today’s announcement would not have been possible without their relentless advocacy and leadership. Preston High School raises young women to become strong leaders, and I am thrilled that many more generations will benefit from this treasured school.”