Corrections Corporation of America, a business that makes money off for-profit prison is trying to buy state owned prisons and is trying to capitalize off struggling state budgets.
The company has sent letters to states offering cash for their prisons and asking for states’ assurance that the prisons will remain 90% full.
The Huffington Post reports:
Corrections Corporation of America, the nation’s largest operator of for-profit prisons, has sent letters recently to 48 states offering to buy up their prisons as a remedy for “challenging corrections budgets.” In exchange, the company is asking for a 20-year management contract, plus an assurance that the prison would remain at least 90 percent full, according to a copy of the letter obtained by The Huffington Post.
The move reflects a significant shift in strategy for the private prison industry, which until now has expanded by building prisons of its own or managing state-controlled prisons. It also represents an unprecedented bid for more control of state prison systems.