Yeshivat Rambam trying to sell campus
Facing financial difficulties, Yeshivat Rambam is trying to sell its Park Heights Avenue campus, Baltimore Sun colleague Robbie Whelan reports.
Officials at the Orthodox Jewish day school said Thursday the school would remain open through the end of the academic year, helped in part by short-term financing from the Associated: Jewish Community Federation of Baltimore. After this year, however, the school will have to relocate.
In a letter to parents this week, officials referred to "perennial rumors of insolvency" and said the sale of the campus at 6300 Park Heights Ave. was inevitable.
The school's "debt made cash flow very tight and negatively impacted mission execution," they wrote. "Much time and many resources were being diverted from building Rambam's future and were, instead, being used to finance past debt."
