Palm Valley School in Rancho Mirage has closed after 74 years following financial difficulties and a Chapter 7 bankruptcy filing. (Photo: Google Maps)
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 sprawling 36-acre property includes separate buildings for its preschool, lower school, middle school and upper school, along with extensive sports and recreational facilities. The 36-acre Palm Valley School campus, featuring 53 classrooms and extensive sports facilities, is now listed for $14 million. (Photo: Google Maps) Palm Valley School was founded in 1952 and had operated from its Rancho Mirage campus since 1992.
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. Which remains online despite the closure, it was the only private, co-educational, non-religious college-preparatory day school in the Coachella Valley, according to its website. The school’s financial troubles first became known to parents in April, when administrators reportedly told families that PVS was exploring a potential partnership or merger with an international educational organisation, according to the Coachella Valley Independent.
The school’s sudden closure came after months of uncertainty over its finances, leaving families and staff struggling to understand how an institution that had appeared to be preparing for another academic year could shut down so quickly.
