TUCSON – After preparing young Tucsonans for college for about nine decades, Green Fields School announced Tuesday that the education institution has closed its doors for good.

The college preparatory school located at 6000 N. Camino De La Tierra has been educating students from kindergarten to 12th grade since it opened on in 1933. On Tuesday, the school announced on its website that Green Fields will not open in August after the school was unable to put in place funding for it to stay open beyond the 2018-2019 school year.

“We know the pain and uncertainty Green Fields’ closing creates for all of our families (and for our staff),” Anthony Marshall, president of the board of trustees said in a press release. “However, hard as this decision has been, I firmly believe that it would be worse to begin the academic year with unrealistic hopes of a budget that would last the year, only to realize in October, January or March that we have to close the doors before the school year ends.”

According to officials, the school board’s closure process officially came to a conclusion this week. Authorities say the school board recently voted to commence bankruptcy proceedings.

“The board worked exhaustively to put in place a viable plan during recent months. Those efforts continued up through this past weekend,” Marshall said. “We have exhausted every option that would allow us to continue.”

The school said families who have prepaid tuition for the upcoming school year will be repaid through the bankruptcy proceeding. School officials said the amount returned will be determined by the final sale process of the school’s property and cost of creditors.

Green Fields staff will be available starting July 15 to help families with their records, recommendations, transcripts and other documentation, school officials say.

Authorities said the school grounds and property will be sold or auctioned off in the near future.

Stay with News 4 Tucson as this story develops.