California school closes after 74 years; 36-acre campus listed for $14m
The Palm Valley School in Southern California has been listed for sale for $14 million following its abrupt closure after 74 years of operation. The bankruptcy filing and sudden shutdown left families and staff in a state of confusion despite previous assurances of financial stability.
Why it matters
The closure highlights the financial instability facing some private educational institutions in the current economic climate.
A 74-year-old private school in Southern California has been put up for sale for $14 million, just months after abruptly shutting its doors and filing for bankruptcy.The former campus of Palm Valley School (PVS) in Rancho Mirage is now on the market following the school’s closure in June, according to California Post. The sprawling 36-acre property includes separate buildings for its preschool, lower school, middle school and upper school, along with extensive sports and recreational facilities.According to the property listing, the campus features 53 classrooms, a full gymnasium, a science laboratory and an outdoor amphitheater. Its sports facilities include a baseball field, softball field, soccer/lacrosse/football field and basketball courts, as well as multiple parking areas.School closed after 74 yearsPalm Valley School was founded in 1952 and had operated from its Rancho Mirage campus since 1992.
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