Rice High School, a Roman Catholic boys' school attended by University of Connecticut basketball star and Bronx native Kemba Walker, will be closing at the end of the school year due to financial woes.
The board of trustees said in a statement Monday that the school, known for its academics and athletics, stayed opened for as long as it could, reports The New York Times.
Enrollment at the 73-year-old school has dropped by 44 percent since 2003.
Board of Directors Chairman Stephen Fitzgerald told the Times that the school's endowment had dropped to $160,000, down from $3 million a decade ago.
The school is also known for its excellent basketball players, including Walker, who led the Connecticut Huskies to win the NCAA Men's Division I Basketball Championship this year and was named the NCAA Basketball Tournament Most Outstanding Player.
Walker grew up in the Bronx. He briefly attended Herbert H. Lehman High School before transferring to Rice.