Alabama’s contract with prison construction company being redacted
The contract with Montgomery-based Caddell Construction was signed April 15.
CoreCivic
Gov. Kay Ivey talks prisons, gaming and end to unemployment aid
Gov. Kay Ivey warned that if left unaddressed, the U.S. Department of Justice will take over Alabama's prisons.
Deadline passes on prison contracts
With the private prison option apparently fading, Ivey said that she would discuss the situation with House and Senate leaders.
Department of Justice: Alabama prisons still deadly, years after warnings
Despite warnings in 2019, the state has failed to address violence, contraband and homicides, according to the Department of Justice.
Another underwriter, Stifel Bank, backs out of Alabama prison deal: report
Stifel says it will not underwrite the private prison project after KeyBanc Capital Markets and Barclays also withdrew.
Gov. Kay Ivey’s prison plan faces lawsuit
The lawsuit alleges the prison plan runs afoul of the Alabama Constitution and state law.
CoreCivic settles lawsuit for $56 million, more firms pull out of Alabama prison bid
CoreCivic’s settlement comes as the company struggles to secure financing to build two of Alabama's planned three new prisons.
Barclays pulls out as underwriter for CoreCivic’s Alabama prison construction deal
Barclays had come under fire after pledging in 2019 to cut ties with private prison companies.
CoreCivic struggles to secure financing for Alabama’s new prisons
An expert said the company's problems finding enough investors could result in more costs to the state.
Barclays aiding Alabama prison financing despite pledge against private prison companies
Barclays in 2019 said the company would no longer finance private prison companies.