Bally’s Foundation purchases Preston High School, preventing closure
As part of the deal, Bally’s will lease the building back to the school for $1 per year for 25 years.
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Apr 22, 2025, 4:48 PM
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Updated 1 hr ago
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The Bally's Foundation is purchasing Preston High School for $8.5 million, preventing the pending closure of the school.
As part of the deal, Bally’s will lease the building back to the school for $1 per year for 25 years. The foundation says it is also going to invest in upgrades at the school.
The office of Attorney General helped broker the deal.
“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 Letitia James in a statement.
“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."
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