Montclair's Immaculate Conception High School will stay open after organizers raised nearly $500,000.
The Archdiocese of Newark had planned to close the school, which had amassed $900,000 in debt.
About 100 Immaculate Conception students, teachers, staff and alumni gathered tonight at Just Jake's in Montclair to celebrate.
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Development director Celia Honohan tells The Star-Ledger of Newark organizers reached out to former students across the nation to raise money and mobilized local events.
The school's board of trustees now plans to use social media in a bid to increase enrollment, which was 168 last year. The building can handle nearly 400 students.