MIDDLETOWN —The family suing to prevent the closure of Mater Dei Prep in Middletown is withdrawing its lawsuit. Brian Petrone said he decided to drop the suit, after speaking with school officials and alumni, out of concern that his action would harm his goal of having the Catholic high school become more financially secure. It’s not…
Marter Dei Prep, the Catholic High School affiliated with St.Mary Parish in Middletown will close due to financial losses at the conclusion of the current school year, according to a press release issued today by Father Jeff Kegley, Pastor of the parish.
“It is with great sadness that I inform you that Mater Dei Prep will close at the end of this school year, June 2015. Over the many years, Mater Dei Prep has been running large financial deficits. It had been the hope of the Parish Finance Council and myself that these trends could be reversed. However, the 2014-2015 projected loss is close to one million dollars,” Kegley said.
Posted: February 3rd, 2015 | Author: Art Gallagher | Filed under: Education, Middletown, Monmouth County | Tags: Marter Dei, Marter Dei Prep, Marter Dei Prep to close, Mater Dei, Middletown, Saint Mary Parish | 2 Comments »© Copyright 2024 | MoreMonmouthMusings | All Rights Reserved