Immigrant Detainees To Fill Private Prison In GA


A new contract to house illegal immigrant detainees should boost Corrections Corporation of America’s profits and largely fill the company’s only remaining empty prison, reports the Tennessean The Nashville-based prison operator expects inmates to start arriving Oct. 1 at its 1,524-bed Stewart Detention Center in Lumpkin, Ga., under a contract with the U.S. Immigration and Custom Enforcement. CCA said that the agreement is effective through 2011.

The contract could be worth more than $30 million a year with the prison filled, said James Macdonald, an analyst at First Analysis in Chicago. It should increase CCA’s earnings by at least 8 cents a share for 2007 – the year the company expects the prison to be “substantially filled.” The agreement follows a contract under which CCA is housing illegal immigrant families at a Taylor, Tx., prison for ICE.


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