by Jon Melegrito | February 21, 2012
Cash-strapped states are offered a deal they may find hard to refuse: sell their prisons to Corrections Corporation of America (CCA), the nation’s largest operator of for-profit prisons, and get back plenty of cash to remedy their states’ budget problems.
And what’s in it for CCA? A 20-year management contract and assurance that the state will take steps to keep the cells full – 90 percent full, to be exact. That’s the only way the deal will ensure that CCA’s growing business in incarceration will remain profitable.