May 20, 2008
Corrections Corporation of America Announces Contract Award From the Office of Federal Detention Tru
NASHVILLE, TN, May 19, 2008 (MARKET WIRE via COMTEX) —-Corrections Corporation of America (NYSE: CXW: 25.55, -0.06, -0.23%), the nation's largest provider of corrections management services to government agencies, announced today that it has been awarded a contract by the Office of the Federal Detention Trustee (OFDT) to design, build and operate a new correctional facility located in Pahrump, Nevada, approximately 65 miles outside of Las Vegas, Nevada. CCA's new 1,072-bed Nevada Southern Detention Center is expected to house approximately 1,000 federal inmates and detainees from the United States Marshals Service as well as potential populations from U.S. Immigration and Customs Enforcement and the Federal Bureau of Prisons…
Now we know why CCA is pulling out of it's State and County contracts… their Federal contracts seem to pay off better - and getting a "friend" on the inside [more: 2, 3, 4, 5, 6] doesn't hurt either…
