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February 24, 2008
TN: CCA to Build 8th Private Prison
Tenn.: New Private Prison Opening
CCA to Add 8th Private Prison in Tennessee
February 22, 2008: 12:40 PM EST
NEW YORK (Associated Press) - Corrections Corporation of America on Friday announced plans to build its eighth private prison facility in Tennessee.
The Nashville-based company said the $143 million facility will hold more than 2,000 prisoners and create 350 new jobs.
The company said it is still in "final negotiations" with Trousdale County, but plans to begin construction this summer on the 108-acre site in Hartsville, about 40 miles northeast of Nashville.
The Trousdale Correctional Center is then expected to be completed within 18 months.
While no main customer for the prison has been finalized, the company plans to offer to hold prisoners from Tennessee, the federal government or other states with prison space shortages.
Company and state officials touted the new prison as an economic development opportunity.
"With this new endeavor, CCA brings enhanced economic vitality to northern Middle Tennessee through purposeful careers and millions of dollars in salaries, benefits and tax revenue," John Ferguson, the company's president and chief executive, said in a release.
The company currently employs nearly 2,000 people in Tennessee.
http://money.cnn.com/news/newsfeeds/articles/apwire/afbf6a02373ce7eabbf72886
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Posted by lois at February 24, 2008 12:18 PM