ASBURY PARK - An Asbury Park elementary school that was renamed in honor of President Barack Obama last year will soon be closed.

A state fiscal monitor for the district cited declining enrollment in the decision to close the Barack H. Obama Elementary School on July 1.

The school was built more than a century ago and formerly was known as the Bangs Avenue School.

Students who now attend classes there will be reassigned to the district's two other elementary schools for the next school year.

Asbury Park Superintendent Denise Lowe said she's disappointed about the school being closed.

Lowe said the district will move its administrative and some child study team offices to the building in an effort to reduce costs.

The state's Schools Development Authority had planned to build a new school to replace the historic building, but those plans recently were canceled.

Meeting held on future of Barack H. Obama E.S. School named for President Obama may be shutting down School board considers closing Asbury Park schoolAP wire services contributed to this report.