CPS Formally Recommends to Convert National Teachers Academy to South Loop High School

According to various sites, it looks like the conversion of National Teachers Academy is happening (via DNAinfo):

The controversial closure of National Teachers Academy in favor of a new South Loop high school is moving forward.

Chicago Public Schools formally recommended Friday that the South Loop grade school at 55 W. Cermak Road be closed and converted to a new neighborhood high school serving all or parts of the South Loop, Bronzeville, Bridgeport, Chinatown and other Near South Side neighborhoods.

One thing that was a slight surprise to us was the following blurb:

All students at National Teachers Academy would be eligible to attend South Loop Elementary School, which stands to have three campuses including its current building at 1212 S. Plymouth Court and early childhood center at 1915 South Federal St.

Does this mean the current school is still going to remain a school servicing the neighborhood? We heard a rumor it would and would be the lower grads, but haven't seen that confirmed. Anyone know?