03.17.25 Bally’s foundation bid $8.5M for Preston High School property, but Sisters rejected offer
Bally’s philanthropic foundation offered to buy the property of Preston High School in Throggs Neck for $8.5 million to prevent the school from permanently closing in June, but the Sisters of the Divine Compassion, who own the site, rejected the proposal, the Bronx Times has learned.
Despite support from local elected officials, the rejection means the all-girls Catholic school remains on track to close at the end of the school year.
The offer came from Bally’s Foundation North America, Inc., a Delaware-based nonprofit funded by Bally’s Corporation. A company spokesperson said the foundation operates independently with its own governing board and a mission to support mental, physical, economic, and social well-being in communities where Bally’s does business.