El Cerrito Private School Fights to Stay Open

By: Ja'Mein Beale - Fri, 04 May 2012 09:17:34 -0800

EL CERRITO, Calif. (AP) - A private school in El Cerrito is fighting to keep its doors open through the end of the school year.
     
A judge is expected to decide the fate of the K-8 Windrush School on Friday.
     
The school defaulted on a $13 million loan, and the bank had threatened to seize it and shut it down in October. Parents responded by raising nearly $1 million, providing enough money to reach a settlement to keep the school open for the remainder of the year.
     
But the bank, Wells Fargo, now says school administrators violated the settlement agreement by overspending on staff salaries - an accusation the school denies. According to reports,  the bank is threatening to close the school three weeks early on May 17.
      
(Copyright 2012 by The Associated Press.  All Rights Reserved.)
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