Alabama House to consider bill to create check on costly contracts
The bill comes after much concern from lawmakers over Gov. Kay Ivey's estimated $3.7 billion prison plan.
CoreCivic
Governor signs leases for two new prisons, but full details haven’t been disclosed
Construction on the Elmore County prison is to begin later this year, according to the contract.
Cost for two new prisons expected to be $500 million more than estimated
Gov. Kay Ivey is expected to sign the contract with CoreCivic on Monday.
Regions Bank won’t finance private prison company CoreCivic
CoreCivic is set to build two of Alabama’s three new planned prisons in Escambia and Elmore counties.
Private prison company vying to build Alabama’s new prisons mulling strategies amid falling stock prices
Shares for the private prison company bidding to build one or more of Alabama three new prisons are down more than 50 percent this year, and the company is reconsidering its business model. Tennessee-based CoreCivic’s shares are down by nearly 51 percent from a year ago, and down by 250 percent from 2017. The company … Continued
Private prison company eyes Elmore County land for one of state’s new prisons
Editor’s note: The story was updated Feb. 12, 2020, to reflect that the private company Corvias has also pulled out of the procurement process. The private prison company CoreCivic for more than two years has been eying land just outside the city of Tallassee in Elmore county to build one of Alabama’s planned three new … Continued
Company vying to build Alabama’s prisons seeks foreign funding as most U.S. firms cut ties
One of the two private prison companies vying to build Alabama’s new prisons is looking to a Japanese Bank for financing after many U.S. banks have cut ties with businesses that detain immigrants and run for-profit prisons. Tennessee-based CoreCivic, one of four companies that Gov. Kay Ivey’s office in November announced will move forward in … Continued
Private prison, detention companies spending on Alabama politicians
Geo Group, the nation’s largest private prison and detention center company, is investing in Alabama’s lawmakers just as the company hopes to land a portion of the state’s nearly $1 billion contract to build three new prisons. Other players are also investing in lobbyists and lawmakers to compete for a share of the prize. Geo … Continued
Alabama’s secretive prison project same as 2018 Kansas deal
The secrecy behind Alabama’s plan to build three new prisons using private prison companies mirrors a project in Kansas that left some lawmakers there feeling that the state got “hoodwinked.” The Kansas governor has since said her state was “hoodwinked” by one of the same private prison companies now vying for a piece of Alabama … Continued
Key man behind bid for Alabama prisons tied to controversial private prison operations, lawsuits
One of the companies vying for millions in taxpayer dollars to build Alabama’s new prisons is owned by the ousted former CEO of one of the other four companies in the running. That man, Tennessee businessman Doctor Robert Crants Jr., was also involved in a recent lawsuit connected to a privately owned and operated prison … Continued