Texas once was the nation’s private prison capital, as companies built more than 50 facilities with 60,000 beds. Three decades later, the boom is over, reports the San Antonio Express-News. As the public sector's need for private prison beds has diminished, the tally of failing prisons in Texas is increasing, with some vacant for years. The bust is evident on a rural tour of the state, where more than a dozen once-profitable facilities have failed. At least seven of them, which together borrowed nearly $200 million, are in arrears on bond payments, says Municipal Market Analytics, a bond-research firm.