On Aug. 4, Anthony Desa, the president of the NYMA Board of Trustees, announced that he had signed an agreement to sell the school to Global Preparatory Academies for $13.125 million. The transaction must still be approved by the U.S. Bankruptcy Court.
Mr. Desa said that NYMA will retain its name and continue to function as a military school. A letter will be going out to facculty members and cadets.
At the time of the announcement, it was too early to comment on plans for the fall semester.
