A Jewish day school in the Argentinean capital Buenos Aires has been saved from demolition following a decision by the Chabad Lubavitch organization to invest money. The school will now be called "Center for Jewish Education Menajem M. Tabacinic – Wolfsohn School". Since 2000, at least six Jewish schools in Argentina, which suffered a severe economic downturn in the first few years of the new millennium, have closed. “I am happy to have saved the school. Now we have the big responsibility of carrying out a project of excellence”, Rabbi Tzvi Grunblatt, director of Chabad Lubavitch in Argentina, told the news agency JTA.