Prison Privateer Offers to Buy Prisons from Starving States

by Jon Melegrito  |  February 21, 2012

Corrections Corporation of America

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.

Read more in this excellent “cash for prisons” piece in the Huffington Post, and a follow-up story about the money behind prison privatization.

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