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GEO Group

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
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June 22, 2020

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
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September 12, 2019

APR confirms at least two partners behind mystery company bidding prison contract

Five companies have expressed an interest in building new prisons in Alabama, some  appear to have never built a prison, while another may have as of yet unnamed partners.  The five companies are: The GEO Group, Inc., Corvias, LLC, Corrections Consultants, LLC, CoreCivic, Inc. and Alabama Prison Transformation Partners.  Alabama Prison Transformation Partners is a … Continued
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August 26, 2019